[quote=UCGal]I’m wondering of the “MyRA” mentioned last night by the POTUS at the SOTU is another way of doing a backdoor roth.

From what I’m reading – you can contribute up to $15k (total) in post-tax money to this MYRA. When it hits $15k, you can/must roll it to a Roth IRA.

Presumably you can rinse and repeat this.

While it’s in the MyRA it’s in the equivalent of the TSP G-fund… which is a great option for fixed income stuff not normally available to non public workers.

I’m hoping I’m reading the tea leaves right on this.[/quote]

I not a huge fan of Roth IRAs because I fully expect the government to rescind the tax benefit before most people will receive it. If they can go after government pensions it won’t be hard to go after Roth IRA tax benefits (you’re minority group that has it better than the general population). I prefer the known tax benefit now rather than hopefully getting a tax benefit down the road.