The Financial Research Corp. announced Wednesday that it expected IRA rollover contributions to total $2 trillion between 2011 and 2015. Rollovers have historically been a "major source of contributions for IRAs," according to the report, and will continue to be a major driver.
The release noted that it was “increasingly attractive” for workers to leave money in former employers’ retirement plans when they changed jobs.
"There are a lot of workers where 401(k)s make up the lion's share of their savings," Matt Schott, vice president and retirement income practice leader at FRC, told AdvisorOne. "Things are evolving to where, particularly if they have a good relationship with their employer when they leave, it makes sense to leave assets where they are."
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