CAAB

Investing in People, Strengthening Communities

Saving for Retirement with a myRA (my Retirement Account)

October 18 – 23 is National Save for Retirement Week and it’s a perfect time to establish your retirement goals and take the first step toward meeting them. If you’re looking for a way to save but don’t have access to a retirement savings plan through work – or haven’t found an easy way to get started – you may want to consider myRA (my Retirement Account).

Saving for Retirement with a myRA (my Retirement Account)

October 18 – 23 is National Save for Retirement Week and it’s a perfect time to establish your retirement goals and take the first step toward meeting them. If you’re looking for a way to save but don’t have access to a retirement savings plan through work – or haven’t found an easy way to get started – you may want to consider myRA (my Retirement Account). 

What is myRA?

myRA is a retirement savings account developed by the U.S. Department of the Treasury that provides a simple, safe, and affordable way to start saving for retirement. It costs nothing to open a myRA account and there are no fees. You can choose to save an amount that fits your budget1, and the account carries no risk of losing money. In addition, you can transfer or roll over your savings to a private-sector Roth IRA at any time. 

Become a saver today

You can start saving with your myRA account today in just three simple steps: 

  1. Open your account at myRA.gov

  2. Set up automatic direct deposit contributions from your paycheck

  3. Access your account online and watch your savings grow 

Start saving with myRA

myRA is a way to start on your retirement savings journey during National Save for Retirement Week. Sign up for a myRA account or learn more at myRA.gov, or call 855-406-6972 to speak with a myRA representative.

 

About Capital Area Asset Builders

Capital Area Asset Builders (CAAB) is a non-profit organization whose mission is to empower low- and moderate-income residents of the Greater DC Area to take control of their finances, increase their savings, and build wealth for a better future.

Connect with CAAB via our social media platforms:

How to give

Now, more than ever, non-profits like Capital Area Asset Builders (CAAB) need your help. Please support CAAB as we continue to help DC residents manage and/or improve their financial situation during these difficult times. If you can't afford to give a monetary gift, please visit our Amazon Wish List where you can choose from a variety of items that CAAB needs in order to better serve our community.

or send a check or money order to
Capital Area Asset Builders (CAAB)
c/o Joseph Leitmann-Santa Cruz, CEO & Executive Director
1100 H Street NW, Suite 200
Washington, DC 20005