Ira and Keogh Assets

Abstract

Individual retirement accounts (IRAs) are a critically important component of the assets that will be available to fund retirees' expenses. This paper examines the level of assets in these accounts, the types of financial institutions in which they are held, the breakdown of the assets into Keogh and various IRA types, tax deductible contributions to the plans, and the percentage of Americans age 21 and older who have one of these accounts.

Keywords: Individual retirement accounts (IRAs), Keogh plans, Pension plan assets, Retirement plans

JEL Classification: D31, G23