US retirement accounts to reach nearly $12 trillion

RetirementTotal assets in US individual retirement accounts (IRAs) are expected to reach $11.7 trillion (€10.5 trillion) by 2020, according to research.

"We expect IRA asset growth to remain steady through the end of the decade," states Shaan Duggal, research analyst at Cerulli Associates.

"Even with heightened Finra [the US Financial Industry Regulatory Authority] rollover scrutiny, individuals - especially Baby Boomers - will continue to roll over their defined contribution (DC) assets."

In the report, Evolution of the Retirement Investor 2015: Insights into Investor Segmentation and the Retirement Income Landscape, Cerulli examines retirement decisions made by individual investors throughout their retirement planning lifecycle. The research focuses on 401(k) plan participants, IRAs and rollovers, and retirement income.

"As the Baby Boomer generation ages, much of this rollover activity will be due to account consolidation as these individuals plan for their retirement income needs," Duggal explains.

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