MyRA

More New Retirement Account Proposals

Posted on 02/5/2014 by | Washington Watch | Comments

Bulletin Today | PoliticsAmericans are way short in their retirement savings, and President Obama’s MyRA plan, which he unveiled last week, isn’t the only new proposal that aims to help with that problem. Sens. Susan Collins, R-Maine, and Bill Nelson, D-Fla., also offered a savings plan. Sen. Tom Harkin, D-Iowa, has one of his own, which follows a report he released last summer. Of these three proposals, Harkin’s is the most ambitious. His Universal, Secure and Adaptable (USA) Retirement Funds would create a …

MyRA — Thumbs Up or Thumbs Down?

Posted on 01/30/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsA day after President Barack Obama gave the go-ahead for the Treasury Department to create a “starter” savings account, experts are weighing whether it will be worthwhile or just another ignored investment tool. Critics note, for instance, that the so-called myRA will do little to overcome the huge shortfall in retirement savings among so many workers. The conservatively invested accounts, though they won’t lose money, won’t make much of a return, either. And the myRA is voluntary, so it’s unclear …

Obama’s MyRA Gets Early Go Ahead

Posted on 01/29/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsPresident Barack Obama is moving quickly to make good on his pledge to create a new “starter” savings program for workers without a retirement plan on the job. He announced in his State of the Union speech Tuesday night that he would use his executive authority to establish a so-called myRA (my retirement account) that would allow workers to direct a portion of their pay into an account that invests in government securities. On Wednesday afternoon, he signed a presidential memorandum to …

AARP Will Work With President, Congress for Secure Future

Posted on 01/29/2014 by | AARP CEO | Comments

PoliticsThe president’s speech tonight addressed issues AARP has been working on since long before President Lyndon Johnson’s war on poverty began over 50 years ago. Social Security and Medicare have helped make a difference by protecting the middle class and keeping millions out of poverty, but many families and Americans of all ages continue to struggle. As we look toward this season of new budget proposals, we also urge the president and Congress to fight for responsible solutions to strengthen …