In the News

Title

Obama Orders Creation of ‘MyRA’ Savings Accounts

Document Type

Article

Publication Date

1-29-2014

Abstract

Making good on a State of the Union address promise, President Obama on Wednesday ordered the creation of new employer-sponsored savings accounts intended to help more people get started saving for retirement.

The plan, announced on Tuesday night, was in keeping with his theme of providing financial relief to the middle class to try to bridge what is widely acknowledged as a growing income equality gap.