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401(k)/IRA Holdings in 2013: An Update from the Federal Reserve
Center for Retirement Research at Boston College Link to more items from this source
Sept. 16, 2014
"The Federal Reserve's 2013 Survey of Consumer Finances provides an opportunity to examine trends in retirement savings over the past few years. The good news is increased use of target date funds; the bad news is no improvement in participation rates, significant leakages, and high fees. Surprisingly, for working households nearing retirement, median combined 401(k)/IRA balances actually fell from $120,000 in 2010 to $111,000 in 2013. Younger households did see rising balances but retirement savings levels are clearly inadequate, and about half of all households have no 401(k) assets at all."

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