Retirement Savings: Accepting the Loss of myRA

Newsletter Issue: August 2017

Office Candids Photo by Syd London Copyright 2014

Quick Clicks

Have you RSVP’d yet for the Paying for College: Workshop and Resource Fair on September 18? Schedule and exhibitors now announced – learn more!

The End of myRA – What Now?

myRA News

Late last month, the Treasury Department announced it would begin phasing out the myRA retirement savings program, citing it was too costly to maintain for such a low demand (despite that myRA has been available for less than two years). The Clinic is sorry to see this is no longer an option for low-income Americans who are struggling to begin saving for retirement because they lack the initial contribution needed to avoid fees.

Thankfully hope remains, as Financial Coach Andy Collado explains in a new blog post, detailing the best options for retirement savings following the close of myRA.

Join the Conversation: Retirement Savings

Retirement Topic of the Month

As we prepare for the loss of myRA, we are thankful to have the brilliant minds of the SHARE community to turn to. Here are some of our favorite resources to come out of the retirement savings #TopicoftheMonth!

Discover more on SHARE! There’s still time to become part of Prosperity Now‘s Financial Coaching Network and receive a free SHARE license for a full year – sign up today!

Social Spotlight: #EconomicJusticeMaker

The Center for Survivor Agency and Justice (CSAJ) are coloring social media to promote racial and economic equity, featuring quotes from their Guidebook (including the chapter on Identity Theft by the Clinic’s own Amy Cao!). How are you an #economicjusticemaker? Tag @CSAJNews and @financialclinic to share your story!

Don’t miss the latest news: Follow the Clinic on Facebook and Twitter!

#EconomicJusticeMaker

The Clinic Across the Country
Speaking Engagements, Presentations, and Features

The Clinic staff have been busy, offering their expertise at various conferences and presentations. A selection of recent appearances include:

  • Este es el Dia SegmentImplementation Lead, Alma Rojas, and Financial Coach, Andy Collado, gave their television debut as they discussed financial security strategies on Aliento Vision’s ‘Este es el Dia’ — watch the segment here!

COMING SOON:
The Clinic is thrilled to join the NY Association of Training and Employment Professionals (NYATEP) as a monthly contributor to the BUZZ – keep an eye out for the first article next month!