In November, the Treasury Department launched myRA, a new, simple way to open a starter retirement account. myRA has no fees, and participants can fund their myRA accounts through a:
- Payroll deduction. Set up automatic direct deposit contributions to myRA through an employer.
- Checking or savings account. Savers can also fund a myRA account directly by setting up recurring or one-time contributions from a checking or savings account.
- Federal tax refund. At tax time, you may direct all or a portion of a federal tax refund to your myRA account.
For more information about myRA or to sign up for an account, visit www.myRA.gov.
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