A new simplified Roth IRA is the latest retirement plan. The account is called a myRA (short for “my retirement account”). It’s funded by having your employer make direct paycheck deposits to your retirement account. The contributions to your myRA are invested in government-guaranteed Treasury securities. A myRA isn’t connected to your employer; it belongs entirely to you and can be moved to any new employer that offers direct deposit capability. The annual contribution limits that apply to regular Roth IRAs apply to myRAs. To find out more about myRAs, contact our office.
Stay up-to-date with the latest in tax and accounting news by signing up for our monthly e-newsletter.
RLH CPAs & Business Advisors, LLC
All Rights Reserved
© Copyright 2019 | Maryland Permit 801
SIGN UP TO RECEIVE OUR MONTHLY NEWSLETTER.
Receive Tax Tips and Latest News Directly In Your Inbox!
Website Design by
Crawford Designs, LLC