The MyRA Follow-Up

Back in January, President Obama introduced the MyRA – My Retirement Account. As noted by President Obama, the program’s goal is to encourage millions of Americans to build savings that can supplement Social Security benefits. Considering that Americans already have access to a myriad of savings and retirement plans including 401(k) and 403(b)s; traditional and Roth IRAs, Rollover IRAs, health savings accounts, and 529 college savings plans, many people wondered how the MyRA was different and what exactly did it add to the mix? Essentially, the MyRA is a type Read the Full Story