MyRA, a relatively new retirement savings vehicle intended for folks who don’t currently have a workplace retirement plan, is being wound down, according to a July 2017 announcement from the U.S. Treasury. MyRA account holders are being encouraged to roll their accounts into Roth IRAs, which follow the same tax rules. You can learn more at myRA.Treasury.gov.
Next: Tax-Deferred Fixed Annuities
Previous: Early Withdrawal Penalties