Guam Residents Can Now Apply For A Newly Launched Retirement Savings Account Program

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The Department of Treasury confirms that Guam residents are eligible to apply for the program, after initially leaving out Guam from the website. 

Guam – The Department of Treasury announced this morning, November 18, that the exclusion of Guam from the newly launched website is a technical error, and Guam residents are eligible to apply. 

 

U.S. Secretary of Treasury, Jack Lew, announced the launch of the Retirement Savings Account (myRA) program just earlier this month. MyRA is a Federal program that offers a safe and reliable savings option for those who don’t have a retirement savings plan at work.

 

When the program launched, Senator Michael San Nicolas discovered that Guam was excluded in the drop down menu for the myRA sign-up, disabling Guam residents from participating.

 

Today the Department of Treasury confirms that their exclusion of Guam from the website was a technical error, and Guam residents are eligible to apply for the program. With the help of Congresswoman Madeleine Bordallo, Senator San Nicolas was able to contact the U.S. Department of Treasury to address the error and open the program to Guam residents.

 

According tot he Department of Treasury’s website, millions of Americans currently lack adequate retirement saving. With the myRA website at myRA.gov, U.S. residents are able to access the program which hopes to instill good retirement savings in young and part-time workers.