What are you doing to unlock your secure financial future?
Saving for retirement is key – myRA can help you get started.
Is your wallet ready for whatever the future brings? More than half of Americans don’t have sufficient savings to cover three months of expenses in the event of a financial emergency, according to the National Financial Capability Study.
April is Financial Capability Month, and it’s a great opportunity to take the first step toward securing your finances for years to come – including your retirement.
Retirement savings are crucial to financial preparedness, but the Employee Benefit Research Institute’s 2017 Retirement Confidence Study shows that only six out of ten American workers express confidence that they’re doing a good job of preparing financially for retirement. The U.S. Treasury’s myRA® is a simple, safe, and affordable way to build peace of mind and start saving for the future right now, regardless of how much you can afford to set aside.
Designed for individuals who don’t have access to retirement savings plans at work or who lack other options to save, myRA has no fees and no minimum balance or contribution requirements. Savers can easily contribute to their account from their paycheck via direct deposit, from their checking or savings account, or from their federal tax refunds at tax time.
With myRA, there’s no risk of losing money. In the event of unforeseen expenses, savers can withdraw the money they contribute to myRA tax-free and without penalty.
Take action now to unlock your secure financial future by saving for retirement. myRA can provide the key.