The federal government will create a new kind of retirement account, called the "MyRA" account, to give workers whose employers don't offer 401(k) plans a way to save for retirement, President Barack Obama said in his State of the Union address. Workers could have some pay deposited in the accounts invested in U.S. government bonds. The accounts would have the same tax treatment as individual retirement accounts. Read SIFMA's statement on Obama's State of the Union address.

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