468: Richard Ludlow, Executive Director of myRA program

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 2K Ratings

🗓️ 12 September 2016

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do you save for retirement if you don't have a lot of money and your employer doesn't offer a retirement plan like a 401(k)? Today's guest, Richard Ludlow, is the Executive Director of the myRA program within the U.S. Department of Treasury and he's here to share more about the program and how it can serve millions of Americans. myRA is a relatively new retirement savings account from the U.S. Department of Treasury that has no fees, no minimum contributions and aims to lower barriers to saving for workers with no access to a workplace retirement plan. Richard has experience as a founder and executive in Silicon Valley where he managed the launch and growth of new initiatives in both the education and healthcare sectors. He's a graduate of Yale University and the Harvard Business School. For more information visit www.somoneypodcast.com.

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Transcript

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0:00.0	So Money episode 468 Richard Ludlow, executive director of the MyRA program.
0:07.0	You're listening to So Money with award-winning money guru Farnuosh Karabi.
0:13.0	Each day get a 30 minute dose of financial inspiration from the world's top business minds,
0:18.0	authors, influencers, and from Farnuish herself.
0:22.0	Looking for ways to save on gas or double your double coupons?
0:26.0	Sorry, you're in the wrong place.
0:28.0	Seeking profound ways to live a richer, happier life.
0:31.0	Welcome to So Money.
0:35.0	You're listening to So Money, everyone.
0:38.0	How you doing today? I'm your host, Farnoosh Terabi, and the topic topic today the buzzword is retirement
0:44.9	The R word how's your retirement portfolio going?
0:49.6	More importantly though how do you say for retirement if you don't have a lot of money and
0:53.7	your employer doesn't offer a retirement plan like a 401k apparently that is
0:58.8	many of us currently in the United States and so today today's guest, Richard Ludlow, is the executive
1:05.2	director of the MyRA program within the U.S. Department of Treasury, and he's here to share
1:10.6	more about this particular program and how it can help to serve millions
1:15.0	of Americans facing this debacle.
1:18.0	Myra is a relatively new retirement strategy.
1:20.6	You may have seen some headlines about it. It stems from the US
1:23.5	Department of Treasury and it boasts no fees, no minimum contributions, and
1:27.7	ultimately it aims to lower barriers to saving for workers with zero access to a workplace retirement plan.
1:36.1	And Richard himself has experienced as a founder and executive in Silicon Valley where he managed
	...

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