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The name Myra is of Latin origin. The meaning of Myra is scented oil. Myra is generally used as a girl's name. It consists of 4 letters and 2 syllables and is pronounced My-ra.
myRA is not a replacement for 401(k)s or other types of employer-sponsored retirement savings plans. People can have a maximum account balance of $15,000, or a lower balance for up to 30 years. When either of those limits is reached, savings will be transferred or rolled over into a private-sector Roth IRA where people can continue to grow their savings.