The amount of investible retirement assets held by U.S. households over age 55 will grow to $22 trillion from $12 trillion in 2010, according to new LIMRA analysis of the “Survey of Consumers Finances,” by the Federal Reserve Board and U.S. Census projections.
While the number of people receiving income from employment-based pension plans is declining, there will be more retirees with retirement assets invested in retirement plans. The authors estimate almost two-thirds of those assets will be invested in products that generate retirement income.
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