The federal government is now one step closer in getting into the Roth IRA business.
Holding true to President Obama's directive, issued in January's State of the Union Address, the Treasury department on Tuesday issued its final rules on the myRA retirement savings program.
Designed in part to motivate low-income earners without access to workplace retirement plans, contributions will be invested in new retirement savings bonds that earn the same annual interest as securities issued to the G Fund in the Thrift Savings Plan for federal employees.
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