Treasury to end myRA program, savings retirement | KPMG | GLOBAL

Treasury to end myRA program, savings retirement program

Treasury to end myRA program, savings retirement

The U.S. Treasury Department today announced that it will begin to wind down the “myRA program”—a program created to help low to middle income earners save for retirement.

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According to a Treasury release, Treasury found that the myRA program was not cost effective and that demand for and investment in the program was “extremely low.” Treasury will phase out the myRA program over the coming months. 

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