Financial Facts

January 31, 2014

FinancialFacts

By Vicky Steinruck

The MyRA accounts for people without employee-sponsored retirement plans that were launched this week by President Obama will work much like Roth IRAs. Treasury officials said that couples earning as much as $191,000 and individuals earning up to $129,000 will be allowed to have the accounts and to save as much as $15,000 after tax for up to 30 years.

Also on the retirement front, more companies are shifting investment allocations in their pension plans to protect gains as they approach or achieve full-funding status.  They are realigning investments to make sure obligations match assets, usually by adjusting the mix of fixed income to equities.

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