TIAA-CREF found that only 18% of respondents were currently contributing to an IRA and a LIMRA found similar results.
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Less than one out of every five respondents to two recent surveys say they haven’t contributed to an individual retirement account IRA), with a lack of understanding of the products being the most common reason for the poor utilization. So reports Financial Advisor.
TIAA-CREF found that only 18% of respondents were currently contributing to an IRA and a LIMRA found similar results.