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Annuities, IRAs and other retirement game-changers
Just climb out from under a rock? No worries, we got you covered, so to speak. Here’s a look back at some of the major retirement-related news that occurred in 2014. In January, the federal government announced plans to create a new kind of retirement account called the “my Retirement Account” or myRA for short — a new type of Roth IRA. The myRA will (at some point soon) give workers who don’t have an employer-sponsored retirement plan — that’s about half of all working Americans —a way to save for retirement. Under the plan, workers will be able to contribute a portion of their after-tax pay into a myRA account. The money would be invested a U.S. government bond fund….Read More