Treasury Announces End of myRA Program After $70 Million Loss
The Treasury Department has announced that it is phasing out the myRA program due to substantial cost overruns and lack of use.
myRA
Will Permanent Adoption of the myRA Cure America’s Bad Saving Habits?
Two Congressmen have introduced legislation to make the myRA a permanent retirement savings option, something they say will cause more American workers to start saving for retirement. But is yet another retirement savings option really going to cause Americans to suddenly start preparing for their own futures?
Going in the Wrong Direction
Americans face a growing risk that they will outlive their savings during retirement. The author says that the proposals to address this risk are wrong.
Opportunity for All: Obama’s 2015 Budget
The White House released the president’s proposed budget for the 2015 fiscal year today. Here are some of the highlights that are likely to be of most interest to the federal workforce.
Obama’s myRA Proposal Makes G Fund Lookalike Available to General Public
The new retirement savings vehicle that President Obama proposed in his state of the union address would give all Americans access to an investment that mirrors the G Fund inside of the Thrift Savings Plan, something previously only available to federal employees.