can extract fees" (without addressing specifically what fees, if any, he would consider appropriate) and furthermore argues that Americans don't need to save money due to "the vast majority of dollars [being] digital entries in spreadsheets, spent into existence by the federal government by a keystroke". However, the MyRA differs in that funds can only be invested in the "G" option of the government's Thrift Savings Plan. This investment is guaranteed by the government and has a fairly low rate of return as it tracks government bonds. This makes the fund less than ideal for long term savings. References External links Individual retirement accounts Obama administration initiatives Retirement in the United States