myRA: Your first chapter to a happy retirement
Introduce patrons to the new retirement savings account from U.S. Department of Treasury, myRA.
myRA makes saving easy. Opening an account is free, and there are no fees or complicated investment options. Plus, eligible tax filers can take advantage of the Saver’s Tax Credit, which can help lower tax bills.
myRA was developed for people who don’t have access to a retirement savings plan at work or lack other options to save. This may include small business employees, part-time and temporary workers, and the self-employed. The rules are similar to Roth IRA rules. myRA is a simple, safe, and affordable way to start saving for retirement.
Consider adding a short introduction to myRAs to existing library programs, like investment club meetings, entrepreneur classes, job skills or resume building courses, English as a second language classes or others.
Invite a local CPA or Volunteer Income Tax Assistance (VITA) representative in your community to do a presentation. Team up with your community’s chamber of commerce and local employers to speak to employees, and let them know more information is available at your library.
Free resources are available from myRA.gov/partners.
- Local CPAs
- VITA volunteers
- Credit counselors
- Financial planners registered with the Certified Financial Planner Board of Standards, Inc., or the Financial Planners Association
Who can help spread the word?
- Local employers
- Chambers of commerce
- Local service organizations