2/11/2014 – Obama’s MyRA a positive but imperfect step to boost retirement saving (Chicago Tribune)

In the world of personal finance, there is rarely something new under the sun. That’s why lots of ears perked up during the State of the Union address on January 28 when President Obama announced a new kind of retirement savings. He called it the MyRA — to rhyme with IRA, for individual retirement account. “It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in,” the president says.

Read the full article at the Chicago Tribune.