State of the Union 2014: Obama touts ‘MyRA’ retirement savings proposal

Excerpt: “Brian Graff, CEO of American Society of Pension Professionals & Actuaries, said that under the plan, workers would be able to deduct a percentage of their paycheck to purchase the new Treasury bonds. Once the worker has invested enough money in the bonds, the account would be turned into a traditional IRA, he said.

”It’s not what I would describe as an earth-shattering move,” said Graff, who has discussed the proposal with Treasury. “It’s going to help some people without a plan save for retirement.”