pacino wrote:interesting piece onf the savings program deal
i appreciate all the small, decent ideas that will have an actual effect on the lives of the working poor. too often we tend to forget about them and just talk about the middle class as though that's the be all and end all of our society.
That's what IRA's are for. If the government cared, they should raise the savings cap on the IRA, an existing tax favored retirement tool designed to do exactly this.
This MyRA sounds like a way for the poor and middle class to waste their money by buying inflation protected T-Bills.