At the end of 2014, U.S. household retirement assets totaled awhopping $27 trillion (according to the latest editionof the Federal Reserve’s Flow of FundsReport.) Those assets, the great majority of which enjoy somedegree of tax advantage, are spread across various sectors of thesystem: IRAs, pension plans, 401(k) plans and so on.
The single largest slice is IRAs, at $7.3 trillion.Employment-related plans account for most of the remainder, withprivate, federal and state/local government defined benefit pensionplans respectively representing $3.1 trillion, $3.3 trillion and$4.9 trillion. Defined contribution plans total $6.3 trillion (thegreat majority of which is in private sector plans.
A few observations:
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