MyRA

myRA ("my retirement account") is a type of Roth IRA account sponsored by the United States Treasury and administered by Comerica. Richard Ludlow was the executive director of the program for the U.S. Treasury.

A simplified retirement plan aimed at those who can afford only small monthly contributions, MyRA was a component of the U.S. government's "Opportunity for All" plan, which has a goal of "ensuring middle class Americans feel secure in their jobs, homes and budgets."

In July 2017, the Treasury Department announced that the program would be phased out. Deposits are no longer accepted as of December 4, 2017

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