The Houston Chronicle spoke with Gardere Partner Michael A. Abbott regarding myRA, a national government retirement savings option recently introduced by the U.S. Department of the Treasury. The program is designed for first-time retirement savers and allows individuals to contribute through automatic paycheck deductions, federal tax refunds, or one-time or recurring payments from personal checking or savings accounts.
According to Mr. Abbott, there is no risk of losing money with myRA since participants are unable to invest their savings in stocks, and the option is cheaper than a private-sector Roth IRA. "It's a start for people who don't have options," Mr. Abbott said.
Subscribers can access the full article here.
Related News
June 20, 2025
In the News
Brian Wheeler and Lyman Thai Comment on Private Equity's Entry into Niche Sports
Foley & Lardner LLP partners Brian Wheeler and Lyman Thai described private equity's growing investments in niche sports in the Pensions & Investments article, "Ares Management buys minority stake in French sailing team."
June 16, 2025
In the News
Gregory Husisian on Customs Compliance Violations – 'It's a sharply increased risk profile'
Foley & Lardner LLP partner Gregory Husisian joined the SupplyChainBrain Thought Leaders episode, "Getting Ahead of Customs Compliance Violations," to describe the heightened risk environment importers face under the current trade and regulatory regime.
June 11, 2025
In the News
Foley Named Top US Firm for IP Lateral Hires by ManagingIP
Foley & Lardner LLP was named the top United States firm for intellectual property lateral partner hires in April and May 2025 based on data from ManagingIP's Talent Tracker.