Filed Under:Life Insurance, Life Planning Strategies

Traditional IRAs top retirement savings accounts

More than a quarter of accounts in EBRI's dbase were “traditional” IRA accounts originating from contributions and 19.7 percent were Roth IRAs at year-end 2011.
More than a quarter of accounts in EBRI's dbase were “traditional” IRA accounts originating from contributions and 19.7 percent were Roth IRAs at year-end 2011.

More than a quarter of individual retirement accounts at year-end 2011 were traditional IRAs and nearly one in five was a Roth IRA, according to a new report.

The Employee Benefit Research Institute, Washington, D.C., discloses this finding in its May 2013 Issue Brief, “Individual Retirement Account Balances, Contributions, and Rollovers, 2011.” The report is based on the EBRI IRA Database, which collect data from IRA plan administrators. For year-end 2011, the database contains information on 20.5 million accounts owned by 16.6 million people with total assets of $1.5 trillion.

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Nichole Morford

Nichole Morford
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