[IMGCAP(1)]When President Obama announced the myRA program during his State of the Union Address this year, it likely raised several questions among those in the accounting community: What is this new program? How will it work? How does it compare to the retirement benefits businesses already provide to their employees? What do I need to share with my clients about this?
While the Treasury Department is still working out important details that will help solidify answers to these questions, there is information available now that accountants should know about the program and how it might complement existing 401(k) programs in the workplace.
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