myRA: A New Way To Save for Retirement
This lesson received the 2017 Excellence in Financial Literacy Education (EIFLE) Award for Education Program of the Year.
myRA is a retirement savings account for people who don't have access to employer-sponsored retirement plans. This new U.S. Treasury tool reduces some of the barriers people face when saving for retirement. It's a way for people to build up some savings and then move on to investments in the private sector to continue their savings journey. The January 2016 issue of Page One Economics: Focus on Finance explains how to get started planning for the future using this new financial product.