According to The U.S. Retirement Market report from the Investment Company Institute, retirement assets accounted for nearly 40% of household financial assets in 2006, compared with 24% two decades ago.
The report also revealed that the bulk of these assets are held in employer-sponsored plans or originated there, with 64% still held directly in the plans.
Source: Investment Company Institute, www.ici.org.
SPONSORED REPORT
In focus: PayrollProviding payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.
PODCAST
A closer look at threats to CPA licensureLegislation in states around the country could put CPA licensure in danger. This episode examines what practitioners need to know to help ensure the profession is protected.