Obama’s ‘myRA’ plan is a start, but it won’t save retirement
I’m an advocate for just about anything that will help people save for retirement. These days we are pretty much on our own, so I am hopeful that a new starter savings account will help people jump-start their retirement savings. Experts used to talk about the sources of retirement income — employer-provided pensions, Social Security and personal savings — as a three-legged stool. Now it is more like a bicycle. People will have to balance most of their retirement income on their personal savings and whatever they may get from Social Security. Read more…