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Old 01-12-2015, 02:48 PM   #21
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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.

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Old 01-12-2015, 03:37 PM   #22
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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
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