Historic Day in Retirement Savings History!

Treasury BuildingToday the U.S. Department of the Treasury announced the availability of the MyRA plan to employees of companies that don’t offer a corporate retirement savings plan option.

Normally I would be ecstatic that anybody was helping U.S. workers save more for retirement.  Unfortunately, call me stoic, but this plan seems more like a way to continue to finance the country’s bloated debt burden on the backs of those that can least afford it.  Since the only investment option is U.S. Government Securities, yielding less than 2%, the real return on the accounts amounts to nearly an interest free loan to the worst money manager in the U.S., the government.

Leave your comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.