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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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
