Top 5 Issues Reshaping Retirement Planning in 2014

John Comer, principal with Comer Consulting and an adjunct professor at Minnesota State University Mankato, said that myRA “will allow consumers who cannot find a vehicle for small savings amounts to save,” and the accounts “allow employers to provide a way for their employees to save without the administrative costs and liabilities of a qualified plan.”

But myRA “is not likely to do much for anyone who is already working with an advisor because they are presumably already saving. It does not appear to be a way for people who are already maximizing their savings to save more,” added Comer.

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