2/3/2014 – How could myRA and other proposals help with your retirement?

The U.S. retirement system isn’t working for millions of American workers. They need more help in preparing for a secure retirement.

These two powerful statements were the underlying messages of President Obama’s executive action to implement “myRA” accounts, and Senator Tom Harkin’s (D-IA) proposal to establish USA Retirement Funds, both of which were announced last week. And there’s one more insightful conclusion: Behavioral finance concepts are making their way into the mainstream of retirement program design, but not soon enough to address the looming shortfall.

Read the full article at by Center on Longevity Research Scholar Steve Vernon at CBS MoneyWatch.