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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." MORE >> |
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