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myRAs Are Not the Answer for Expanding Retirement Plan Coverage
Employee Fiduciary Link to more items from this source
[Opinion]
Jan. 7, 2015

"MyRAs have no fees, will never go down in value, and can be opened with as little as a $5 contribution. These benefits sound pretty great for workers that wouldn't have a retirement plan otherwise, right? Well, not so fast.... To most effectively expand retirement plan coverage, the President and Congress need to work together to pass laws that incentivize employers to sponsor retirement plans while offering workers access to more appropriate investment options. The handicapped myRA demonstrates that executive action alone won't get this job done."

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