Release Date: November 4, 2015
Contact:  Carol Danko, 202-962-7390, [email protected]                                                          

SIFMA Applauds Treasury’s myRA Retirement Savings Program

Washington, DC, November 4, 2015 – SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr., in response to U.S. Treasury Secretary Jacob Lew’s announcement on the rollout of myRA, the federal starter retirement account program: 

“SIFMA applauds Treasury’s rollout of myRA and its commitment to encouraging retirement savings. Many Americans simply do not understand the importance of saving early or feel that they cannot afford to save.  MyRa offers a simple, no fee, government-backed savings option – particularly for those who are just starting to save and those who do not have access to employer-sponsored plans.  Through greater education on the value of saving early with even the smallest contributions to a retirement account, myRA will help many more Americans take the first steps towards a more financially secure future.”