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Tax Strategies: Will MyRAs Succeed Where Others Have Failed?

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One of the most concrete new proposals in President Obama's State of the Union address was the creation of a new type of retirement savings vehicle -- the MyRA. One of the main attractions of the new proposal was that the president believes the program can be set up under current executive authority without further congressional approval. In fact, immediately after the State of the Union address, the president sent an order to the Secretary of the Treasury to initiate the program.

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