Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-12-2015, 02:48 PM   #21
Dryer sheet wannabe
Join Date: Dec 2014
Location: NorCal
Posts: 10
Here are some more interesting statistics from a report by the Government Accounting Office dated Sept 16, 2014 on IRAs:

- For tax year 2011 (the most recent year available), an estimated 43 million taxpayers had IRAs with total reported FMV of $5.2 trillion.

- About 42.4 million (99 percent) of those taxpayers had aggregate IRA balances of $1 million or less, with a median accumulated IRA balance around $34,000

-Around 600,000 taxpayers had aggregate IRA balances exceeding $1 million, with a median of around $1.4 million

-an individual who achieves investment returns equal to historical interest rates reported by the Social Security trustees for special issue government bonds would accumulate a balance of $303,420. This is about $426,000 less than if the individual had invested in the S&P 500 over the same period, as shown in table 2.

bumtrader is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-12-2015, 03:37 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,325
Okay, I have, now, read the whole of "The Retiree Next Door" and found it to be quite interesting, actually, with lots of useful information. It did not, as I suspected (expected), have an agenda (well, not an in-your-face one, anyway). Therefore, I can recommend it (for whatever that is worth).

"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Secrets of Early Retirement Neecy FIRE and Money 71 08-01-2014 03:35 PM
Secrets of Extreme Savers MasterBlaster FIRE and Money 62 11-11-2010 04:08 PM
secrets to happy retirement Martha Life after FIRE 24 08-05-2005 01:47 PM


All times are GMT -6. The time now is 07:38 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.