Tuesday, December 8, 2009

Seniors Hold The Most IRA Assets

  • 72.7% — Percentage of IRA assets held by someone 55 or older, despite the fact that only 45.7% of the population of IRA-owners are 55 or older .

  • 25.4% — Percentage of retirement wealth represented by IRAs in 2008.

  • 19.6% — Percentage of IRA owners between 60 and 64 who are taking withdrawals from their IRAs; the percentage of the aggregate IRA balance withdrawn for this age group is 3.8%.

  • 28.6% — Percentage of 65- to 69-year-old IRA owners who are taking withdrawals; the aggregate IRA balance withdrawn is 3.9%.

  • 93.0% — Percentage of IRA owners 70 and older who are taking withdrawals; the aggregate IRA balance withdrawn is 6.5%.


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