Prepare for Your Future with my Social Security and myRAReading Time: 1 Minute
Last Updated: July 29, 2021
Your future belongs to you. Although retirement may seem far off, life moves quickly, and it’s important to take the right steps now to ensure your financial wellbeing down the road.
To help more Americans prepare for long-term financial security, Social Security and the Department of the Treasury are joining forces to launch Envision a Secure Financial Future. Through this new initiative, you can take advantage of a variety of tools and programs to help prepare your finances for years to come.
my Social Security allows you to keep track of your yearly earnings, review the estimated Social Security and Medicare taxes you’ve paid, and estimate your future benefits. More than 23 million people have already signed up for a my Social Security account, and you can open yours by visiting socialsecurity.gov/myaccount.
Treasury’s myRA lets you go one step further to boost your retirement funds. myRA is a new retirement savings account that is simple, safe, and affordable. It costs nothing to open an account, there are no fees, and myRA carries no risk of losing money.
With myRA, you can fund your account via payroll deduction, or from your checking or savings account. If you are due a tax refund, you can also direct some or all of it to your myRA account automatically when you file your taxes with direct deposit. It only takes minutes to sign up. Visit myRA.gov to get started today.
It’s up to you to plan for your retirement. Take control of your future with my Social Security and myRA.