Friday, January 31, 2014

Obama Fires the First Shot on Your Retirement Account

Revealed: the sleight of hand that means MyRA accounts will benefit the government more than investors. by Dan Steinhart, Managing Editor, The Casey Report Casey Research Dear Reader, Did you watch the State of the Union address? I didn’t, because, well… I didn’t want to. But I did read the transcript the morning after. And boy is there a doozy in there. A lot of news outlets are talking about it. But very few dissected Obama’s tricky language enough to understand its significance. I’m talking about his unveiling of the “MyRA,” which is ostensibly a new retirement account for working-class Americans.



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