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  • Meet myRA: Obama offers IRA plan details

    01/29/2014 12:46:58 PM PST · by tcrlaf · 141 replies
    CNNMoney ^ | 29 Jan 2014 | Jennifer Liberto
    President Obama on Tuesday offered up a new kind of "starter" retirement accounts aimed at employees of companies that don't offer such plans. Obama is calling them the "MyRA" and said he would, by executive order, direct the Treasury Department to create them. Details were scarce Tuesday night, but employees will be able to contribute part of their wages to the savings accounts, which would be backed by the U.S. government.