1/18/2015 – Obama’s myRA retirement accounts are now a reality (CNN Money)

President Obama announced his plans for the starter retirement savings accounts in his State of the Union address last year. The accounts will be backed by the government, charge no fees and you’ll be able to contribute directly from each paycheck. “Let’s do more to help Americans save for retirement…” Obama said in his State of the Union address last year. “It’s a new savings bond that encourages folks to build a nest egg.”

The U.S. Treasury launched a small pilot program for the free accounts last month, but the agency says anyone who has direct deposit for their paycheck can sign up and start saving now.Treasury also said it would begin promoting the accounts on a much broader scale later this year.

Read the the full article at CNN Money.