MyRA retirement savings initiative

E87660

The MyRA retirement savings initiative was a U.S. government-sponsored starter retirement account program aimed at helping low- and middle-income workers begin saving for retirement through safe, simple, and low-cost investments.

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This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the MyRA retirement savings initiative (The MyRA retirement savings initiative was a U.S. government-sponsored starter retirement account program aimed at helping low- and middle-income workers begin saving for retirement through safe, simple, and low-cost investments.)

All labels observed (1)

Label Occurrences
MyRA retirement savings initiative canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States government program ⓘ
retirement savings program ⓘ
accountType Roth IRA ⓘ
announcedBy Barack Obama ⓘ
announcedIn 2014 State of the Union Address ⓘ
announcementDate 2014-01-28 ⓘ
backedBy United States Treasury securities ⓘ
contributionLimitType subject to Roth IRA annual contribution limits ⓘ
contributionMethod automatic bank withdrawal ⓘ
payroll deduction ⓘ
country United States ⓘ
designedAs starter account for first-time savers ⓘ
designedToAddress lack of access to workplace retirement plans ⓘ
discontinuationAnnouncementDate 2017-07 ⓘ
eligibilityCriterion employment income ⓘ
household income below Roth IRA limits ⓘ
endDate 2018 ⓘ
feature automatic payroll deduction option ⓘ
no fees ⓘ
no minimum balance to open ⓘ
portable between jobs ⓘ
investmentReturnBasis same variable interest rate as Government Securities Investment Fund (G Fund) in Thrift Savings Plan ⓘ
investmentType government bond ⓘ
language English ⓘ
managedBy Bureau of the Fiscal Service ⓘ
marketingMessage safe, simple, and affordable retirement savings ⓘ
maximumAccountBalance 15000 USD ⓘ
penaltyPolicy early withdrawals of contributions allowed without tax or penalty ⓘ
programStatus discontinued ⓘ
programType voluntary savings program ⓘ
purpose help low- and middle-income workers begin saving for retirement ⓘ
provide a simple starter retirement account ⓘ
relatedTo Roth individual retirement account ⓘ
linked to: Roth IRA

Thrift Savings Plan ⓘ
riskLevel principal protected ⓘ
rolloverCondition required rollover to private-sector Roth IRA after reaching balance cap ⓘ
sector public sector retirement policy ⓘ
sponsor United States Department of the Treasury ⓘ
startDate 2014 ⓘ
targetPopulation low-income workers ⓘ
middle-income workers ⓘ
workers without access to employer-sponsored retirement plans ⓘ
taxTreatment after-tax contributions ⓘ
tax-free qualified withdrawals ⓘ
terminatedBy United States Department of the Treasury ⓘ
terminationReason low participation ⓘ
website myRA.gov ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Barack Obama presidency → significantEvent → MyRA retirement savings initiative ⓘ