IRA Accumulation.pdf

12insprbulretirement.pdf
Preview of IRA Accumulation
🔗 Source: irs.gov
📊 Size: 129 KB
👤 Author: cgswic00
⬇️ Downloads: 71

Summary

The year-end fair market value of Individual Retirement Arrangements (IRAs) decreased from $4.7 trillion in 2007 to $3.7 trillion in 2008, a 22.5% decrease. Withdrawals increased from $167.1 billion to $227.5 billion, and the number of taxpayers taking withdrawals rose 28.1%. Rollovers from 401(k)-type plans to IRAs decreased from $322.3 billion to $272.1 billion, while contributions to IRAs decreased marginally from $58.8 billion to $55.6 billion. Traditional IRA plans represented 88.5% of all IRA assets, followed by SEP plans, Roth IRA plans, and SIMPLE plans.

Description

The year-end fair market value of Individual Retirement Arrangements (IRAs) decreased from $4.7 trillion in 2007 to $3.7 trillion in 2008, a 22.5% decrease.

Technical Information

  • File Format: PDF
  • File Size: 129 KB
  • Pages: 16
  • Language: EN
  • Author: cgswic00
  • Total Downloads: 71
  • Last Updated: 1 week ago

Document Overview

This PDF document about IRA Accumulation provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into IRA Accumulation.

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