Retirement funds hit $16.4 trillion
- Share via
From Times Wire Services
Americans accumulated a record $16.4 trillion in retirement accounts as of the end of 2006, up 11% from a year earlier, the Investment Company Institute said.
The total included $4.2 trillion in individual retirement accounts, $4.1 trillion in defined contribution accounts such as 401(k)s, $2.3 trillion in company-sponsored pension plans, $4.2 trillion in government pension plans and $1.6 trillion in retirement annuities, the mutual fund industry trade group said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
