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Treasury Announces Steps to Wind Down myRA Program
U.S. Department of the Treasury 
[Official Guidance] July 28, 2017 "The U.S. Department of the Treasury today announced that it will begin to wind down the myRA program after a thorough review by Treasury that found it not to be cost effective. This review was undertaken as part of the Administration's effort to assess existing programs and promote a more effective government. Demand for and investment in the myRA program has been extremely low. American taxpayers have paid nearly $70 million to manage the program since 2014.... Participants in the myRA program are being notified of the upcoming changes, including information on moving their myRA savings to another Roth IRA." |
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