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Get The Evolving Role Of IRAs In

By any measure, individual retirement account (IRA) assets have grown dramatically. Created by the Employee Retirement Income Security Act (ERISA) in 1974, IRAs have grown to account for 25.4 percent of U.S. retirement wealth and 8.5 percent of total U.S. household financial assets at year-end 2008. A signif icant fraction (40.5 percent) of U.S. households owned some form of IRA at year-end 2008. IRA ownership and account balances were widespread across many different socioeconomic dimensio.

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