MyRA Savings Accounts Explained
MyRA Savings Accounts Explained – No Downside, but Limited Benefit for Expats In this year’s State of the Union address, President Obama announced that he would sign an executive order that creates the MyRA savings program. The main aim of the program is to offer retirement accounts for employees who work for companies that don’t offer a retirement savings vehicle. MyRA accounts will be backed by something similar to a savings bond, and account holders will be guaranteed that they will pay no fees and that the value of their account will not decrease below their principle. MyRA Criteria – Expats Take Note With as little as $25 to begin, and contributions as little as $5, anybody who meets the ...
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