A Safer Retirement and Environment – What We’re Implementing to Help Keep You Safe: READ MORE

Here at Asset Preservation Capital, LTD, we are adhering to state and local guidelines in order to protect both the health and safety of clients and staff. Keeping our clients and staff safe is our highest priority and we’re taking all appropriate measures to ensure a safe environment. Should you prefer to not meet face-to-face, we are continuing to serve our clients through virtual settings such as Zoom or phone call.

We look forward to continuing to help individuals and families achieve their ideal retirements.

Asset Preservation Capital, LTD
(248) 649-4759

By Ian Berger, JD
IRA Analyst
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The Investment Company Institute (ICI) is an association representing mutual fund companies and similar investment companies. Each year, ICI conducts a survey of the prevalence of IRAs in American households. Recently, the ICI issued its 2023 survey based on data from mid-2022 and calendar year 2021. The full report is available at The Role of IRAs in US Households’ Saving for Retirement, 2022 (ici.org) .

Based on the survey results, here are some interesting questions (with answers at the bottom of the article):

1. What were the total assets held in IRAs, including traditional and Roth IRAs, SEP IRAs and SIMPLE IRAs (as of mid-2022)?

A.  $1.7 billion

B.  $11.7 billion

C.  $1.7 trillion

D.  $11.7 trillion

2. What percentage of all U.S. retirement assets were held in IRAs (as of mid-2022)?

A.  24%

B.  34%

C.  44%

D.  54%

3. What percentage of U.S. households held any IRAs, including traditional and Roth IRAs, SEP IRAs and SIMPLE IRAs (as of mid-2022)?

A.  22%

B.  32%

C.  42%

D.  52%

4. True or False. 64% of households with incomes of $100,000 or more owned IRAs (as of mid-2022).

5. What percentage of U.S. households owned Roth IRAs (as of mid-2022)?

A.  25%

B.  35%

C.  45%

D.  55%

6. What percentage of U.S. households included someone who made an IRA contribution for 2021?

A. 15%

B.  25%

C.  35%

D.  45%

7. What percentage of an average household’s financial assets consisted of IRA funds (as of mid-2022)?

A.  6%

B.  11%

C.  21%

D.  31%

8. True or False. 40% of traditional IRA accounts contained rollovers from employer-sponsored retirement plans (as of mid-2022).

9. What percentage of traditional IRA owners who did rollovers from company plans said they consulted with a financial advisor before doing the rollover?

A.   33%

B.   43%

C.   53%

D.   63%

10. True or False. The most cited reason for doing a rollover from a company plan to an IRA was not wanting to leave the assets with the former employer.


1.  D                                                         6.  A

2.  B                                                         7.  B

3.  C                                                         8.  False (60%)

4.  True                                                    9.  D

5.  A                                                        10. True