MyRA: The Devil Is In the Details of the President’s New Retirement Plan for Workers

Hey worker: Bend over; drop your pants; grab your ankles and moan like you like it, and maybe I’ll give you a little reach-around.

The Wall Street Journal is reporting this morning that “once someone accumulates $15,000 in their account, or they have the same account for 30 years, it would have to be rolled over into a privately run individual retirement account.”

Lot’s of lubricant needed here. FifteenK, that’s quite a low ceiling for a retirement plan. Who can retire on that tawdry sum?

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