Prepare for When the New MyRA Becomes “TheirRA”
Feb 10, 2014
In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to “help” Americans build a nest egg, coining it the “MyRA.”
Something immediately felt wrong about the proposal… but I couldn’t put my finger on it.
So I researched the new MyRA and found details to help you understand just how it works.
But I also saw some potential dangers there that you need to prepare for now…
What MyRA Really Means
Like most government programs, getting to their essence can take some sifting. So I’ve distilled here what I think are the principal components of MyRA.