American households, as of December 2004, had accumulated $3,475.1 billion in tax-deferred Individual Retirement Accounts (IRAs), according to the Federal Reserve Flow of Funds Accounts.
The largest portion of these savings were held as “self-directed accounts”, in which a wide diversity of investment is permissible.
Over the four years, 1999 to 2002, investors added $837.2 billion to their IRAs, which, added to the $118 billion in decline in value over the period, means that the market crash cost IRA savers about $955 billion.
Topics: 
Popular Articles