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Do you support Obama's MyRA savings account initiative for workers who don't have access to a 401k?

Results from Republicans

Last answered 2 years ago

MyRA Poll Results for Republicans

Yes

69,345 votes

25%

No

213,436 votes

75%

Distribution of answers submitted by Republicans.

2 Yes answers
3 No answers
0 overlapping answers

Data includes total votes submitted by visitors since Jan 30, 2014. For users that answer more than once (yes we know), only their most recent answer is counted in the total results. Total percentages may not add up to exactly 100% as we allow users to submit "grey area" stances that may not be categorized into yes/no stances.

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* Data estimated by matching users to U.S. Census data block groups via the American Community Survey (2007-2011)

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Data based on unique submissions (duplicates or multiple submissions are eliminated) per user using a 30-day moving average to reduce daily variance from traffic sources. Totals may not add up to exactly 100% as we allow users to submit "grey area" stances that may not be categorized into yes/no stances.

Learn more about MyRA

In President Obama's January 28th, 2014 State of The Union Address he announced that he would direct the treasury to create a retirement savings program, called myRA, for workers whose employers do not offer traditional 401k or retirement savings accounts. Instead of private retirement accounts the myRAs would allow workers to invest in government bonds that are long term, low yield and guaranteed. Analysts predict the returns for these funds would be around 2% interest. The myRA is modeled after the Roth IRA with contributions after taxes and the income will be tax-free until you retire. It is capped at $15,000, and it must then be rolled over into something else. It takes $25 to open an account with a minimum contribution of $5 per pay period.  See recent MyRA news

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