Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

US: Michigan florist becomes face of new retirement program

A longtime retail flower shop is at the forefront of a new effort to encourage more Americans to save for retirement.

Thanks to a connection forged by the Society of American Florists (SAF), Norton’s Flowers & Gifts, in Ypsilanti and Ann Arbor, Michigan, is the first florist in the country to participate in the U.S. Treasury Department’s new myRA program.

Billed as a “starter account” to encourage retirement saving, the program lets workers automatically deduct money from their paychecks. (MyRA is short for My Retirement Account.) They also can contribute to the accounts directly, using electronic transfers from a checking or savings account. Making the program even more attractive to low-wage earners, no minimum deposit is required, no fees are charged, and depositors have no risk of losing money.

Publication date: