When the Treasury Department recently rolled out the myRA retirement savings program, considerable care was taken to explain that there is not a hidden agenda behind the initiative.
In a video statement announcing the roll out, Treasury Secretary Jack Lew underscored that myRA accounts are not intended to replace workplace savings plans, but rather are designed, in part, to initiate the habit of saving in workers that don't have access to 401(k)s or pensions through their jobs.
Lew said the program was designed to be a "bridge to other savings products."
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