Richard A. Lindsey, CPA Lindsey & Waldo, LLC – Certified Public Accountants
  • Obama Announces New Retirement Plan

    Filed under Informational, Taxes
    Apr 17

    President Barack Obama announced, in his State of the Union address, that the federal government will create a new kind of retirement account, called the “MyRA” account, to give workers whose employers don’t offer 401(k) plans a way to save for retirement. Employees could have some of their pay deposited in the accounts and then invested in US government bonds. Treasury officials have said the accounts will work much like Roth IRAs. Couples earning as much as $191,000 and individuals with incomes up to $129,000 will be allowed to have the accounts and save as much as $15,000 after-tax for up to 30 years they said.

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