myRA Retirement Account
myRA Financial Planning
Financial Planning
With myRA, an employee without access to an employer sponsored retirement savings program can start saving with a low initial contribution and no fees.
myRa Retirement Earnings
Earned Interest
A myRA retirement savings account earned 2.31% in 2014 and an average annual return of 3.19% over the ten-year period ending December 2014.
myRA Investing
Earlier the Better
The earlier you start and the more you invest in your retirement savings means more time for your money to grow. Get started now.
How does the myRA Retirement Account Work?
After an individual registers for a myRA, they can contribute to their savings account with as little as a few dollars a month. The myRA is like a checking account; you can withdraw and deposit money at any time. Because this savings account is considered a first step, people should have alternative retirement investments to maximize savings growth.

Why Should I Have a Retirement Savings Account?

According to a Federal Reserve report produced in 2013, more than 50% of Americans aged 55 years and older have no retirement savings. The U.S. Government hopes that by offering a free and simple retirement tool introducing retirement plans and programs to the public, the percentage of citizens without retirement savings will drop. Launched in November 2015, this savings program invests an individual's contributions in a new United States Treasury security. It's risk-free but with marginal rates. It's only a starter account to simply introduce and familiarize the public to investing and saving. The sooner you save and more you contribute, the more likely you and your family will be able to live comfortably during your retirement years. A retirement savings plan could pay for your daily expenses as well as financing a move to Florida, a cruise to Alaska, and a new hobby.

What are myRA's conditions? What do I need to provide to setup an account? Is this retirement plan tax-free? When can I access my contributions without penalty? If I change jobs, who's responsible for transferring my myRA account information to my new job? Learn More »