President Barack Obama delivers the State of Union address before a joint session of Congress in the House chamber Tuesday, Jan. 28, 2014, in Washington. (AP Photo/Larry Downing, Pool)

At least it’s a start. Modest and maybe with a hole or two, President Barack Obama unwrapped a retirement option for workers whose companies don’t have a 401(k) plan during his State of the Union Address.

By now, you’ve read about the MyRA accounts, which will sort of be like individual retirement accounts. Employees can have part of their salary deducted to be deposited into accounts invested in government bonds that would be treated like an IRA at tax time. After they reach a maximum balance, they have to be rolled over into an actual IRA.

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