U.S. Treasury to Retire the myRA Program

According to the U.S. Department of the Treasury, the My Retirement Account (myRA) program will end. Created just a few years ago in 2014, the Treasury has decided this short-lived Roth IRA backed by the government is not cost-effective, and will be eliminated as a part of the Trump Administration’s effort to slim down wasteful […]

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Taxes and Traditional IRAs: What You Need to Know

If you weren’t already aware, in general, contributions made to a Traditional IRA (individual retirement account) are tax-deductible if you or your spouse are not covered by a retirement plan at work. For 2016 and 2017, the annual contribution limit for a traditional IRA is $5,500, or $6,500 if you’re age 50 or older. Contribution […]

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