401(k)/IRA holdings in 2013

Munnell, Alicia Haydock. “401(k)/IRA holdings in 2013”. Issue in Brief 14-15, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, September 2014. http://hdl.handle.net/2345/bc-ir:103768.
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Abstract

The brief's key findings are: (1) The Federal Reserve's 2013 Survey of Consumer Finances provides an opportunity to examine trends in retirement savings over the past few years. (2) The good news is increased use of target date funds; the bad news is no improvement in participation rates, significant leakages, and high fees. (3) Surprisingly, for working households nearing retirement, median combined 401(k)/IRA balances actually fell from $120,000 in 2010 to $111,000 in 2013. (4) 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.

Title
401(k)/IRA holdings in 2013: An update from the SCF
Author
Munnell, Alicia Haydock
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
September 2014
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
14-15
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:103768
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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