Latest IRA Facts

IRA Nest EggSnapshot of US Retirement Market year ending 2011

Market Size:

The market deployed a total retirement assets of $17.5 trillion

Ownership:

.  Nearly four out of 10 U.S. households owned IRAs in 2011

.  49 Million households owned at least one or more types of IRAs

.  44 Percent of U.S. Households Owned Mutual Funds in 2011

.  About one-third of U.S. households owned traditional IRAs in 2011

.  IRA owners are savers

.  IRA ownership increased with household income

.  44 Percent of U.S. Households Owned Mutual Funds in 2011

.  90 Million Individual U.S. Investors Owned Mutual Funds in 2011

Contributions:

.  The median financial assets of IRA-owning households was 8 times greater than that of the households with no IRAs

.  56% of IRA households earned $50,000 or more

.  Rollovers from employer-sponsored retirement plans have fueled the growth in IRAs.

.  Although most U.S. households were eligible to make contributions, few did so.

.  Only 14% percent of U.S. households contributed to any type of IRA in tax year 2010 with very few households making  “catch-up” contributions to traditional IRAs or Roth IRAs.

(Source: www.ici.org, WSJ)

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Need Help Investing?

We have experienced real estate investment professionals standing by to answer questions and help you with next steps.

Share this

Like what you see? Share it!