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01/29/2014 10:28 am ET Updated Jan 29, 2014

Obama Announces New MyRA Retirement Accounts

ap

President Barack Obama said he is directing the Treasury Department to create a new type of retirement savings account for millions of Americans that would include a government guarantee.

These investments, which Mr. Obama called "myRAs," would serve as a type of starter retirement savings account for millions of Americans, Mr. Obama said Tuesday in his State of the Union address.

Read more on The Wall Street Journal

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