Investors in individual retirement accounts typically make age-appropriate choices, with younger investors holding more stocks and older investors holding more bonds, the Investment Company Institute found in a study. The group's study was based on data from 2007 and 2008. "This age-appropriate investing pattern is similar to what our 401(k) research has consistently shown with respect to plan participants' investments in their 401(k) accounts," said Sarah Holden, ICI's senior director of retirement and investor research.

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