Obama Signs Memorandum For New Retirement Savings Accounts

Obama Signs Memorandum For New Retirement Savings Accounts
(West Mifflin, PA) -- New retirement savings accounts are on the way. President Obama signed the memo at a steel mill in Pennsylvania. It directs the Treasury Department to start creating so-called "MyRA" accounts. A pilot program will kick off later this year. The plan will allow people to purchase Treasury bonds for an account the President says will guarantee a "decent return with no risk of losing what you put in."