On his second out-of-town stop to promote his 2014 State of the Union agenda, President Obama pitched a retirement savings plan he hopes will nudge more Americans into planning for their future. The so-called “myRA” program will be geared toward
Roth IRA accounts—as opposed to traditional IRAs, which allow pretax contributions—make sense for the younger and lower-income workers the myRA program is trying to reach, said David John, senior strategic policy adviser at the AARP Public Policy
One of the few concrete executive actions in the State of the Union address was President Obama's plan to start MyRA. It is framed as a low cost government backed retirement saving bond/account. The more I learn about it