It’s Only Money: myRA is a pass, not an assist
Zvi Bodie, School of Management
In basketball, there’s an undervalued statistic called the assist. A player earns one by passing to a teammate who’s well-enough positioned to make a quick basket.
myRA, President Obama’s new retirement savings initiative, isn’t an assist. It’s not even a lob into the paint…
“Clearly the requirement to transfer the account to a private-sector account is to gain support from the financial industry.”