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Post by jeffolie on May 6, 2013 16:50:57 GMT -6
May 06, 2013 Household Retirement Assets How much have American households saved for retirement? By analyzing the 2010 Survey of Consumer Finances, the Congressional Research Service has the answers. Here are the numbers (and percents) of the nation's 118 million households by their retirement assets... Distribution of households by retirement assets $0: 58,363,198 (49.6%) $1 to $50,000: 31,527,732 (26.8%) $50,001 to $100,000: 8,325,406 (7.1%)$100,001 to $500,000: 14,690,016 (12.5%)$500,001 to $1,000,000: 2,919,566 (2.5%)$1,000,001 to $1,500,000: 950,452 (0.8%)$1,500,001 to $3,000,000: 658,961 (0.6%) $3,000,001 or more: 173,886 (0.1%) Note: Retirement assets include defined-contribution plans and IRA balances.Source: Congressional Research Service, U.S. Household Savings for Retirement in 2010, (PDF) John J. Topoleski, April 30, 2013 www.fas.org/sgp/crs/misc/R43057.pdfdemomemo.blogspot.com/
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Post by jeffolie on May 6, 2013 17:02:13 GMT -6
How does one value a 'defined-contribution plan' ?
One might use the current inverse of the interest rate of the 10 year Treasury but how would this work?
for example with today's yield of 1.77%, the inverse fraction of 100 results in a multiplier of 56.49, applied to get a median household income of $44,000 would require an amount of 10 year Treasury notes of $2,485,560 ... this approximate result assumes no expenses to buy the 10 year Treasuries nor administer the distributions
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