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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75792  
Subject: Re: Average and Median 401K Totals Date: 6/18/2000 5:52 PM
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If you got information about the average size of 401K or IRA accounts, perhaps from a large broker such as Merrill Lynch or Prudential, it wouldn't necessarily mean anything anyway. When people leave a job, most 401ks are not left with the original custodian; clearly more are either rolled to IRAs or the owner takes a distribution in cash.
Information about the size of IRA accounts wouldn't tell you much, either, because people are allowed to have more than one. So one may have several small IRAs instead of one big one.
Incidentally I started my first IRA in 1982, so you weren't in at the beginning. Someone recently brought this up and I believe TMFExRO said the first law was 1975. There were many changes since.

Best wishes, Chris

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