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No. of Recommendations: 7
That's what the MyRA is for. Lower salaried workers shouldn't have to depend on the retirement whims of their employer.

Seriously? The MyRA is a piece of cr@p. How difficult would it have been to simply make a non-employer affiliated 401K that would allow you to put in the same levels of investment and have the same investment choices. If I had been forced to use such low rates of returns we sure as heck would not be retiring any time soon.

Instead, the myRA emphasizes safety and security, with investments that the government will guarantee never to go down in value.

All this will do in the accumulation phase is to insure that lower salaried workers will never leave their jobs. The beauty of the 401K for most employees of lower salary is that they don't get those funds in their hands in the first place, and don't have to take the extra step to save it. It is always easier to save if it goes directly from your paycheck to the retirement account, and costs you heavily to take out before you retire.

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