Should Working People Buy the MyRA to Lend the Government Money?

Life insurance is not an investment per se; it is, after all, a product meant primarily to provide a survivor benefit upon the demise of the insured. Nonetheless, cash value policies are frequently used – very appropriately, in my opinion –  for wealth accumulation, and to serve as the guaranteed portion of one’s portfolio.

Financial Credibility

One very legitimate concern about cash value life insurance is the financial credibility of the insurance company. Financial planners and advisers always instruct their clients to select their company wisely.

In his State of the Union address last night, President Obama invited working-class Americans to lend the federal government money. He encouraged us to buy a new savings bond called the MyRA.

Track Record

Given the track record of our political leaders in managing the national debt, and to uphold other financial responsibilities, would you make such a bond the foundation of your own retirement?