Many economists believe that one of the big financial “ticking time bombs” in the U.S. is the fact that current levels of retirement savings are very low, and that the Social Security retirement program – which was never intended to be the primary source for an individual’s long-term retirement income – is under stress.
In an effort to get more people saving, the President in his 2014 State of the Union Address proposed the creation of a new retirement savings vehicle. This new account structure has tentatively been designated the “myRA” (short for “My Retirement Account”).
While it’s still likely to... Articles Tagged ‘what is a myRA’
What is a myRA?
Many economists believe that one of the big financial “ticking time bombs” in the U.S. is the fact that current levels of retirement savings are very low, and that the Social Security retirement program – which was never intended to be the primary source for an individual’s long-term retirement income – is under stress.
In an effort to get more people saving, the President in his 2014 State of the Union Address proposed the creation of a new retirement savings vehicle. This new account structure has tentatively been designated the “myRA” (short for “My Retirement Account”).
While it’s still likely to...
Monday, March 31st, 2014
Many economists believe that one of the big financial “ticking time bombs” in the U.S. is the fact that current levels of retirement savings are very low, and that the Social Security retirement program – which was never intended to be the primary source for an individual’s long-term retirement income – is under stress.
In an effort to get more people saving, the President in his 2014 State of the Union Address proposed the creation of a new retirement savings vehicle. This new account structure has tentatively been designated the “myRA” (short for “My Retirement Account”).
While it’s still likely to... 
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