Asset managers will have $2.7 trillion worth of retirement plan rollover money to work with during the next five years–when the first baby boomers turn 59 1/2. In 2000, nearly 80% of the $400 billion eligible for rollovers was in accounts with balances of more than $50,000.
Reproduced from National Underwriter Life & Health/Financial Services Edition, August 4, 2003. Copyright 2003 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.