Stocks and Rollovers Pump Up IRA Assets
National Underwriter (Life/Health) (01/22/01) Vol. 105, No. 4 p.50; Bell, Allison

According to figures released by the Employee Benefit Research Institute (EBRI), IRA asset totals increased 22 percent in 1999, to $2.5 trillion. Had IRA growth continued at the same rate in 2000, says EBRI, Americans would have finished the year with close to $2.9 trillion in both traditional and Roth IRA assets. Craig Copeland, an EBRI researcher, wrote that, "The overall growth in IRA assets is almost entirely attributable to investment gains and rollover from other tax-qualified retirement plans, such as 401(k) plans." Today, consumers have 81 percent of their IRA assets in self-directed brokerage accounts and mutual funds. Ten percent of consumers' IRA assets are in bank and savings and loan deposits. A mere 9 percent of consumers' IRA assets are in life insurance.


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