A new
simplified Roth IRA is the newest retirement plan. The account is called a myRA
(short for "my retirement account"). It's funded by having your
employer make direct paycheck deposits to your account. The contributions to
your myRA are invested in government-guaranteed Treasury securities. A myRA isn't
connected to your employer; it belongs entirely to you and can be moved to any
new employer that offers direct deposit capability. The annual contribution
limits that apply to regular Roth IRAs apply to myRAs. To find out more about
myRAs, contact our office.
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