Obama Introduces myRA (as reported by Melanie Hicken on money.cnn.com)

If you don’t have access to an employer-sponsored retirement savings account, you will soon have a new option open up to you. In his State of the Union this year, President Obama introduced a brand new financial vehicle that is aimed at helping many low to middle income Americans save for retirement. Dubbed “myRA”, the retirement savings account allows people to invest in government savings bonds that are backed by the United States government using after-tax dollars, and receive the money tax free in retirement. The “myRA” will be introduced in a limited number of businesses this year, the a plan to roll it out to all companies who are interested in the near future. To learn more about the new investment program, read the full article here.

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