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.