Faculty Publications

Title

Treasury Finalizes Rules For New Retirement Savings Account: The myRA

Document Type

Article

Publication Date

12-16-2014

Abstract

A new retirement savings vehicle, the myRA (my retirement account), is now one step closer to being available after the Department of the Treasury’s final regulations became effective December 15, 2014. The myRA was first announced earlier in 2014 by President Obama in his State of the Union Address. The myRA is touted as a no-cost to employer and no fee investment option for employees who lack an employer sponsored retirement savings plan.