Innovative Financial Products and Services in Asset-Building: Treasury's New myRA Program

Registration for this event is now closed.

Thursday, Aug. 6, 2015
2-3:15 p.m. (CT)
3-4:15 p.m. (ET)

Lisa Locke

Although the United States economy has rebounded since the 2008 recession, many low- and moderate-income (LMI) individuals still face economic insecurity. The need for innovative financial products and services is essential in today's economy as more people find their budgets stretched and saving for the key stages of life—including homeownership, higher education and retirement—out of reach.

Many people are financially unprepared for retirement and plan to work longer to make up the difference between the funds that they have saved and what they believe they'll need. However, for many reasons, working longer as a way to make your savings last longer is not a guaranteed option.

The U.S. Department of the Treasury has developed myRA (my Retirement Account), a Roth IRA designed to make saving for retirement easier and more accessible. A simple, safe and affordable way to start saving, especially for employees without access to an employer-based program, myRA can help people take control of their future.

During this Exploring Innovation webinar series from the Federal Reserve Bank of St. Louis, we will hear from leaders in community-based organizations, community development corporations and government agencies regarding innovative financial products and services in the areas of credit-building, saving and access to the financial mainstream.

This second webinar in the series, on Aug. 6, will provide insight into myRA, the U.S. Treasury's new retirement savings program. Presenters include:

  • Andrea Ambriz, Director of Policy and Strategic Engagement, myRA Program, U.S. Department of the Treasury
  • Matuschka Lindo Briggs, Relationship Manager, myRA Employer Engagement and Outreach, Treasury Relations and Support Office, Federal Reserve Bank of St. Louis

There is no charge for this event, but registration is required.