Analysis of MyRA Account
Good? Bad? I’m the Guy with the Gun!

Recently POTUS signed an executive order creating the MyRA Retirement Account.

It acts like a Roth Account, with a maximum value of $15,000, and a maximum income eligibility limit of $191,000 per household.

It makes sense to create another option for individuals saving for retirement. We don’t have enough retirement options for individuals/small business owners right now: Continue reading

TSP Hardship Withdrawal Costs

(Gubmints Note:  This is part of a multi-part post, which will also extoll the virtues of Structued CDs and Structured Notes, and provide strategies on how to use them.  At the time of this writing I hold an S&P Index-linked Structured CD in a Retirement Account).

With bond and bank CD rates near zero, investors have been scrounging everywhere they can to find respectable yields (Note, if you’re a Govvie the best place to park cash is the TSP’s G Fund– It gives you returns of long-term bonds with the liquidity of a Money Market Fund.  You can’t find a product like this anywhere).  Folks without a G Fund generating their current income may resort to chasing yields in complex products like Structured CDs.
A Structured CD allows you to purchase participation in an index (like S&P 500 or DJIA, but it could be any index) up to a participation ‘cap’.  Your initial investment value is guaranteed by FDIC insurance (which, per Dodd-Frank, is up to $250,000 per bank/instutution).  No downside with huge potential upside?  Sounds too good to be true!
Here’s Ten Reasons Structured CDs and Structured Notes Suck: