This from CNN
Obama offers new ‘MyRA’ retirement accounts
http://money.cnn.com/2014/01/28/retirement/savings-retirement-myra/index.html
If you like your IRA, you can keep your IRA. With us.
“The White House said the MyRA would be offered through Roth IRA accounts and that any saver with wages could set one up.
Roth IRAs allow users to put after-tax income into a savings account, where it grows tax free.”
So taking advantage of tax deferment isn’t even allowed?