As featured in The Wall Street Journal, Money Magazine, and more!
     

Retirement Assets Up 11%

This article was written by in Uncategorized. 5 comments.


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?

Published or updated July 25, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
avatar
Points: ♦127,500
Rank: Platinum
About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 2 comments… read them below or add one }

avatar Alex K.

My retirement investments were up 15%, and my contributions were only a small part of that.

Reply to this comment

avatar Brainy Smurf

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!

Reply to this comment

Leave a Comment

Connect with Facebook

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Previous post:

Next post: