Since their authorization in 1974, individual retirement accounts have enjoyed astounding growth. In total, IRAs have more than $3 trillion in assets and are held by more than 45 percent of U.S. households.1 Roughly 26 percent of the $11.6 trillion U.S. retirement asset market is held in individual retirement accounts.2 Assets held in IRAs have increased 13 percent per year since 1990.3
Harl, Neil E.
"Penalty on Early IRA Withdrawals,"
Agricultural Law Digest: Vol. 16
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol16/iss16/1