Unpacking Obama’s MyRA—and What It Can Do for You
Jamie Patrick Hopkins
By now, many investors and analysts have taken a look at President Obama's MyRA plan and drawn a reasonable conclusion: It won't get retirees through many years of post-work expenses. But then, that's not the MyRA's purpose. The federal government's newest retirement instrument -- its $15,000 cap and 30-year time constraint are in place -- should be primarily thought of as a starting point for low- to middle-income workers who can't access a company-supported plan.
O'Brien, James, "Unpacking Obama’s MyRA—and What It Can Do for You" (2014). In the News. 26.