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SE ND | Over the last few years I had heard of this being a possibility, but at first I thought it was far fetched, then plausible, now it's fact. Evidently, the government needs new buyers and what better way than to use retirement accounts.
"MyRA guarantees a decent return with no risk of losing what you put in," President Barack Obama said in introducing the program on Tuesday night in his State of the Union Speech.
I love the "no risk of losing" part...
This may just be the trial balloon before it becomes mandatory to hold government bonds.
...If you like your retirement account, you can keep your retirement account...
http://finance.yahoo.com/news/obama-launch-government-backed-retire...
http://www.zerohedge.com/news/2014-01-28/obama-introduces-myra-no-r... | |
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Obama launches Gov't backed retirement program - "myRA"
