Nearly one in 10 (9 percent) investors with at least $100,000 in investable assets is likely to roll over an estimated $280 billion into individual retirement accounts this year, according to a new report.
This finding is included in Investor Rollover Assets in Motion, a Cogent Reports study from Market Strategies International.
One in four (24 percent) investors has at least one retirement plan with a previous employer where a significant portion (25 percent) of his/her investable assets still resides. The report adds that one-quarter of former employer-sponsored retirement plan owner assets also remain dormant.
“Although the well-known challenge of investor inertia around Rollover IRAs holds true, the size of the pool of assets in play says it all — this is a market that providers cannot ignore,” says Linda York, vice president in the syndicated division.