Most Investors Between 18 And 34 Are Unaware Of The Benefits Of IRA Accounts Hot

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Aspects such as catch-up contributions for people over 50 or that Roth contributions can be withdrawn without penalty under certain circumstances are IRA benefits people are not taking advantage of. The biggest reasons cited were lack of financial education and also lower levels of income.
Women, however, were almost neck and neck with the Boomer segment on making full contributions to their IRAs. Forty-one percent of women made maximum contributions compared to only 34% of men. The survey had 1007 respondents age 18 and older and was conducted in February 2012.

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