In July the U.S. Treasury announced the cancellation of myRA (my Retirement Account), a starter-retirement-savings product they launched in 2015 to help people without access to employer-sponsored retirement plans. The Treasury developed this product, under the Savings Bond authority of the government, in recognition of the growing retirement-savings crisis in the United States. It built on the idea that people whose employers offer a plan to encourage savings are much more likely to take the initiative to save than if they’re left to their own initiative, and the recognition that many employed people don’t have that option. myRA focused on less-experienced savers with features that emphasized safety, simplicity and accessibility […]