The Great Recession Hits IRAs Hard

The government reports that the fair market value of IRAs fell from $4.7 trillion in 2007 to $3.7 trillion in 2008. This is a 22.5% decrease. What’s more, withdrawals in 2008 were $227.5 billion, up from $167.1 billion in 2007.

Source: Statistics of Income Bulletin, Spring 2012