“Obama said he would direct the Treasury Department to create new ‘MyRA’ accounts to allow people to more simply invest in Treasury bonds. The MyRA bond would be like a Roth IRA: Your contributions would not be tax-deductible, but your earnings would be free from tax when you withdraw it. As with a Roth, your contributions can be taken out tax-free at any time. Employers who offer the option won’t have to administer them. And if they automatically enroll employees — which they won’t be required to do — those employees will have a greater chance of accumulating retirement savings.”
http://www.usatoday.com/story/news/2014/01/28/obama-state-of-the-union-myra-savings-plan/4992743/
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