Starting this week, people who don’t have access to a retirement savings plan at work will have an easier time setting aside cash.The myRA program, a government backed retirement plan first announced by President Obama in 2014, has now launched nationally, the Treasury department said Wednesday. The myRA is a form of Roth IRA, which allows workers to save their after-tax dollars for retirement. It’s aimed at overcoming some of the obstacles that keep some workers from saving for retirement, especially those who are low-income or who lack retirement benefits: The myRA charges no fees, is low-risk and convenient.
Source: Saving for retirement is about to get a little easier for some workers – The Washington Post
Discover more from DrWeb's Domain
Subscribe to get the latest posts sent to your email.
