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To: Jean S
From what I've read about the MyRA, "That's real retarded, sir" would apply. It's like a mini-Roth IRA which MUST invest in government bonds. Of course the principal is guaranteed in nominal terms! The government is even willing to guarantee 2% interest--which is less than the long bond EVER yielded, even under ZIRP.

To my mind, this is scraping the bottom of the barrel to find another constituency, but will be irrelevant. If you are interested enough in saving for the future to afford a real retirement account, this is an also-ran. Otherwise, you are probably already in one of O's special interest groups.

5 posted on 01/29/2014 1:33:44 PM PST by Pearls Before Swine
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To: Pearls Before Swine
To my mind, this is scraping the bottom of the barrel to find another constituency, but will be irrelevant.

To my mind, this will be another scam. Political appointees will mismanage the fund and somehow the rats will benefit and the taxpayer will pick up the tab. I don't know the details, but the results are always the same.

30 posted on 01/29/2014 1:47:17 PM PST by oldbrowser (Obamacare is Obama's Great Leap Forward)
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To: Pearls Before Swine

Well, then, if people won’t voluntarily join up,
I guess they’ll have to require them to do it.


34 posted on 01/29/2014 1:49:10 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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