The concept of a “myRA” account was introduced by President Obama in his State of the Union address on January 28, 2014. Clients may hear of this and want to know about it for themselves or their children. What is it? The myRA is a savings plan similar to a Roth IRA. It is designed to allow lower-income workers to have some savings in a tax-preferred savings mechanism. The contributions are contributed after tax and withdrawals of principal are in after tax dollars. The earnings in the plan … [Read more...] about What is a myRA Account?