Tag: IRAs
The brief’s key findings are: Many Latin American countries adopted individual retirement accounts (IRAs) to supplement or replace traditional social security systems. Recently, a number of these countries have enacted reforms to better balance individual saving and social risks. The new reforms generally aim to improve – not abandon – IRAs and, at the sam…
Introduction The stock market, as measured by the broad-based Wilshire 5000, declined by 42 percent between its peak in October 9, 2007 and October 9, 2008. Over that one-year period, the value of equities in pension plans and household portfolios fell by $7.4 trillion. Of that $7.4 trillion decline, $2.0 trillion occurred in 401(k)s and…
