The MYRA plan. What do you think?
Do you trust this guy at this point?
Goverment IRA's have such a low interest so the money you get back might not be that much, but I guess the goal is to encourage savings either way by offering people who have less than 190k income per year a tax free way to save.
Do you believe this will work or are we looking at another Obama Care/Affordable Care Act failure?
JOsh the government IRA's are a 2% return at the most so.......
patrickd89
Favorite Answer
This is another example of the government that is out too control you, being forced to purchase a loan from the government, one that is 17 trillion in debt. How do you think your return on investment will be with that investment? The government needs to stay out of our lives and stop mandating us to get healthcare and now investing. If and I agree both are a good decision but one that the individual should make. I knew that as soon as obamacare was passed (as a tax) they would find other things to MANDATE. wake up people.
Wage Slave
The average savings account has around 0.6% interest gained while IRAs can return between 5-8% on average.
griggle
why don't they just quit stealing all the money from social security? i'm all for ways to get people to save, but the politicians have so mishandled the social security system, why should we trust them with this?
Max Hoopla
Since nobody is getting much in interest what do you expect.
Anonymous
I like it. Just like Obama care it teaches personal responsibility. You buy your own health insurance and you pay towards your own retirement.