This paper is the fifth examination of asset allocation from the EBRI IRA Database, an ongoing project that collects data from IRA plan administrators. For 2013, it contained information on 25.8 million accounts with total assets of $2.46 trillion. The number of IRAs in the database with...

Individual retirement accounts (IRAs) hold more than 25 percent of all retirement assets in the United States. A substantial portion of these assets originated in other tax-qualified retirement plans, such as defined benefit (pension) and 401(k) plans, and were moved to IRAs through rollovers....

This paper is the second examination of asset allocation from the EBRI IRA Database. The EBRI IRA Database is an ongoing project of the Employee Benefit Research Institute that currently contains information on 14.85 million accounts of 11.1 million unique individuals with total assets of $1.002...

Individual retirement accounts (IRAs) are a vital component of U.S. retirement savings, representing more than 25 percent of all retirement assets in the nation. A substantial portion of these IRA assets originated in other tax-qualified retirement plans, such as defined benefit (pension) and...

This paper is the fourth examination of asset allocation from the EBRI IRA Database, an ongoing project that collects data from IRA plan administrators. For 2012, it contains information on 25.3 million accounts with total assets of $2.09 trillion. The number of IRAs in the database with...

To establish current savings behavior, one necessary measurement of retirement preparation is identifying the percentage of workers with employment-based retirement plans, as well as understanding the characteristics of workers with and without access to such programs. The findings from this...

Assuming the loss aversion framework of Tversky and Kahneman (1992), stochastic investment and labour income processes, and a path-dependent fund target, we show that the optimal investment strategy for defined contribution pension plan members is a target-driven ‘threshold' strategy, whereby...

This paper assesses the level of sophistication evident in investment choices of a large sample of individuals drawn from three Australian retirement savings funds. Available US and UK evidence is somewhat mixed on both the measures that should be used when measuring the sophistication as well...

Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount factors for households and compare the estimates of their...