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IRAs

Hello, myRA: Retirement Savings for Beginners

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A new acronym has been added to the lexicon of savings and retirement plans - the myRA. That stands for My Retirement Account and is a twist on the well-known IRA or Individual Retirement Account.

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Obama’s MyRA program seen as a modest first step to get people saving for retirement

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President Obama’s plan to create retirement accounts for workers who do not have that option on the job represents a tiny first step toward addressing the increasingly urgent problem of Americans who do not save enough for old age, analysts say.

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myRA retirement plans, explained [audio]

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President Obama unveiled the new "MyRA" plans in his State of the Union speech last night. He stumbled a bit over the name, and there's still some confusion about what they'll be called -- some of the folks we talked to are pronouncing it "Myra," like the name.

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Treasury to pick manager for Obama myRA retirement program

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President Barack Obama's new "myRA" retirement savings program will be run by a private-sector money management firm chosen by the U.S. Treasury Department from a field of up to 30 firms, a senior administration official said on Wednesday.

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Obama’s MyRA Gets Early Go Ahead

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President Barack Obama is moving quickly to make good on his pledge to create a new "starter" savings program for workers without a retirement plan on the job.

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Pension Rights Center Calls myRAs “A First Step” Leading to Comprehensive Solutions to the Retirement Crisis

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WASHINGTON – The Pension Rights Center lauded the Obama administration today for recognizing the severity of the retirement income crisis by proposing a new Treasury bond to promote savings, particularly for low- and moderate-wage earners.

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Fiduciary Rules, Lifetime Income Illustrations, Disclosures Top Practitioners’ DOL Concerns

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The Department of Labor’s re-proposed fiduciary rule is likely to stir up a great deal of practitioner interest in 2014, along with the department’s projects on disclosures and lifetime income illustrations, practitioners told Bloomberg BNA.

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Should I take my pension's lump sum offer?

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I have not started collecting my pension yet. I do not know whether to take a lump sum or take monthly checks from my 25 years of service with a well-known company. What are the risks?

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Timing of Fiduciary Rule for Retirement Plans Questioned

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If you have a 401(k) or other retirement plan, you may be waiting even longer before new government standards are imposed that require your financial adviser to act in your best interest.

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This week’s other huge (but little-noticed) fight: Wall Street’s newest scheme

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While we're all distracted, a quiet battle this week could seriously affect your finances. Here's what's at stake

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