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What happens if my account reaches $15,000?

If your account balance reaches $15,000, the investment in your myRA account will mature and stop earning interest. At this time you will receive a notification to transfer or rollover your account balance to a private-sector Roth IRA, where you can continue to invest your savings and make additional contributions. However, because the myRA program is phasing-out, your account may be closed prior to reaching $15,000. You will need to transition your account balance to a private-sector Roth IRA provider to continue your savings journey.