Tag: Survey of Income and Program Participation (SIPP)
The brief’s key findings are: 401(k)s/IRAs have the potential to provide significant wealth. But a typical 60-year-old with a 401(k) in 2016 had less than $100,000 compared to a potential $360,000 in combined 401(k)/IRA assets. Four factors could explain this gap: the immaturity of the 401(k) system, the lack of universal coverage, leakages, and fees…
We recently completed a new study that explains a discrepancy that has bothered me for years – namely, the difference between what people could have in their 401(k) plan and the amount that they actually hold. More specifically, a 25-year-old median earner in 1981 who contributed regularly would have accumulated about $364,000 in combined 401(k)/IRA…
