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What's All The Fuss About MyRA Accounts?

Saturday, March 1, 2014 - 9:13 PM
"Aside from its quirky name (it rhymes with "IRA"), the new savings effort has sparked debate about whether it can help reverse America's retirement savings crisis. Jamie Hopkins, assistant professor of taxation at The American College of Financial Services in Bryn Mawr, Pa., says he believes the myRA offers a safe way to begin saving for retirement."The myRA concept is simple, workable and a step in the right direction," he says."

http://www.bankrate.com/finance/r...counts.asp

4
ShorebreakShorebreak2,675 posts since
Apr 6, 2010
Rep Points: 14,527
1. Sunday, March 2, 2014 - 8:03 AM
They are a good idea in that there are no fees for such low amounts. Some cannot save more that this to start out. They are also good because the returns on these accounts are much higher than the savings accounts within an IRA account. It give people time to learn about saving and time to learn about investing before they move the money. 
3
Ally6770Ally6770934 posts since
Jan 16, 2010
Rep Points: 2,719
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