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.
