Here's something new for the investing world.
This is from The White House's State Of The Union fact sheet:
Creating “myRA” – A Safe, Easy-to-Use Starter Savings Account to Help Millions of Middle
Class Americans Save for Retirement. Starting to save is just the first step towards a secure
retirement. Workers must have a place to invest their hard-earned savings that provides an appropriate
balance of risk and return, and many private sector providers do not offer retirement savings options
tailored to smaller balance savers. Our retirement system should help these potential savers and
encourage them to begin building their retirement security. The President is using his executive
authority to create “myRA” (my Retirement Account) – a new simple, safe and affordable “starter”
retirement savings account that will be available through employers and help millions of Americans
save for retirement. This savings account would be offered through a familiar Roth IRA Account and,
like savings bonds, would be backed by the U.S. government.
Will be interesting to learn more.