An Obama-era program that created savings accounts to help more people put away money for retirement is being shut down by the Treasury Department, which deemed it too expensive. The 30,000 participants in the program, known as myRA and intended for people who did not have access to workplace savings plans, are being told that they can roll the money into a Roth individual retirement account, the Treasury Department said. President Barack Obama ordered the creation of these starter accounts, and they became available at the end of 2015. Since then, about 20,000 have been opened with participants contributing a total of $34 million, according to the Treasury, with a median account balance of $500.
NYS Entity Status
NYS Filing Date
AUGUST 19, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - ASVIN RA CREATIONS, LTD.
AROUND THE WEB
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