The U.S. Department of the Treasury has unveiled its latest savings tool. “my Retirement Account”—myRA for short—is a retirement savings account designed for individuals who may not have access to a saving plan through their employers. It costs nothing to open a myRA account, and there are no fees, no minimum balance, and no contribution requirements. In addition to being free of fees, a myRA account carries no risk of losing money and is backed by the U.S. Treasury (https://myra.gov/how-it-works/).