ICI Releases Report on Retirement Savings

The Investment Company Institute (ICI) recently released the results of their study of Americans' retirement savings. Findings in the report include: 

-Retirement savings make up 40% of all household financial assets.

-Mutual funds comprise 47% of retirement assets.

-Mutual funds make up 52% of defined contribution assets.

-Target date portfolios are growing dramatically, and 90% of the portfolios are held in retirement plans.

A summary of the study is available by clicking here.