According to a survey by the Investment Company Institute, retirement assets throughout the United States increased 11% in 2006 to a total of $16.4 trillion. That increase covers investment performance as well as transfers in and out of accounts.
My retirement accounts grew 52% last year thanks mostly to my contributions. It’s easier to have a larger percentage effect when the balances are low. At the end of 2006, my $47,715 in retirement funds accounted for 0.0000003% of the entire pool of retirement money in the country. Here’s more on the survey from MarketWatch.
How did your accounts hold up last year?
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{ 2 comments… read them below or add one }
My retirement investments were up 15%, and my contributions were only a small part of that.
I had a similar gain, going up 20% and like Alex K., my contributions weren’t a major factor… it was more the market.
Of course, the last few days have been a little rocky, but so far this year, the gains are looking even greater!