myRA pilot program announcedMarch 5, 2014
Watch for details on a new retirement savings account called the myRA. The Treasury Department has been instructed to begin a pilot program for this new savings vehicle by the end of 2014. The myRA (my retirement account), would let workers open individual retirement accounts with as little as $25 that invest in government bonds. Contributions would not be tax-deductible and could be withdrawn at any time without penalty.
Written by: Doug Rodrigues