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Old 12-18-2016, 06:44 AM
 
26,469 posts, read 15,053,236 times
Reputation: 14617

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Obama's optional retirement account program called MyRA was projected to get millions signed up, but only 20,000 thus far have signed up.

It was a noble goal to get Americans to save more for retirement, but with the only investment being historically low interest rate government debt bonds paying out rates less than inflation in many cases...smart investors would do well to skip it - and have.

Obama
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Old 12-18-2016, 06:47 AM
 
22,768 posts, read 30,719,635 times
Reputation: 14745
it was a pretty weak program anyway. just an extension of the existing Roth IRA.
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Old 12-18-2016, 07:24 AM
 
Location: Sale Creek, TN
4,882 posts, read 5,011,495 times
Reputation: 6054
The idea of me sending money into an account, controlled by the government, regardless of who is president, doesn't sound like a smart investment.
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Old 12-18-2016, 07:53 AM
 
Location: The Republic of Texas
78,863 posts, read 46,596,242 times
Reputation: 18521
Just think if that money was invested in the stock market, since Trump was elected???
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Old 12-18-2016, 09:30 AM
 
26,469 posts, read 15,053,236 times
Reputation: 14617
Quote:
Originally Posted by Creekcat View Post
The idea of me sending money into an account, controlled by the government, regardless of who is president, doesn't sound like a smart investment.
Yep.

"Give me money now, I'll spend it, and pay you back at a rate less than inflation!" -MyRA
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Old 12-18-2016, 09:49 AM
 
1,008 posts, read 487,110 times
Reputation: 493
Even poor people weren't stupid enough to fall for this.
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