The new myRA retirement savings accounts, with principle fully guaranteed by the U.S. Government, are up-and-running. Your clients can learn about them and sign up for an account online at myRA.gov.
The accounts are pretty much as advertised when announced last year by the Obama administration.
The main limits of myRA are: 1) the same contribution limits that apply to Roth IRAs; 2) a $15,000 cumulative account limit; and 3) only one investment choice, the Government Investment Fund (G-Fund) of the Federal Thrift Savings Plan.
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