IRAs Content

The Investment Company Institute filed a supplemental joint comment letter to the Internal Revenue Service in response to the information collection renewal request for Form 5304-SIMPLE, Form 5305-SIMPLE, and Notice 98-4 (OMB Control No. 1454-1502). Read more in the comment letter.

As Tax Day nears, ICI’s recently released research report on individual retirement accounts (IRAs) highlights their growth as tax-advantaged retirement savings vehicles. Introduced 50 years ago when the Employee Retirement Income Security Act (ERISA) was signed into law in September...

Washington, DC; March 27, 2025—ICI’s latest research shows individual retirement accounts (IRAs), powerful tools for long-term savings, are a significant component of US households’ retirement planning. In mid-2024, 44 percent of US households reported that they owned IRAs, up from 34...

Employer plans and individual retirement accounts (IRAs) are an important source of income for all but the lowest-income retirees. Either directly or through a spouse, more than 70 percent of Americans over age 70 receive income from retirement plans. That share increases rapidly with...

ICI Research Finds That Retirement Saving Tools Like 401(k) Plans Continue to Work for Millions of Middle-Class Americans Washington, DC; January 30, 2025—According to new research published by the Investment Company Institute (ICI), Americans highly value their retirement plans. ICI...