IRA's $2.47 Tril in Assets Surpasses Other Retirement Plans
Investor's Business Daily (01/19/01) Vol. 104, No. 47 p.B1; Hoover, Ken

Investor's Business Daily Assets in Individual Retirement Accounts (IRAs) reached a record $2.47 trillion in 1999, marking the first time that more money was invested in IRAs than 401(k)s or pension plans. In 1999, IRA assets jumped 21.9 percent from 1998 levels, outgrowing defined contribution plans, which hovered at $2.45 trillion, and defined benefits plans, which held at $2.21 trillion. A report released by the Employee Benefit Research Institute attributes the surge in IRA assets to investment gains from a thriving stock market.

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