NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/06/07 - US retirement plan assets is anticipated to reach around US$ 4.3 Trillion by 2014, growing at a CAGR of around 9% during 2011-2014, RNCOS acknowledged.
According to our research report “US Retirement Income Market Analysis”, retirement savings market forms a significant part of the overall financial market in the US. It is anticipated to take off in a big way in lieu of the improving life expectancies, declining mortality rate, and growing employment base. As of now, the retirement system is employer-driven in the country, but gradually, it is moving towards the ‘self-driven’ system, thus offering more opportunities to new entrants in the market. Moreover, it is expected that, the US Retirement plan assets will reach to US$ 4.3 Trillion by 2014, growing at a CAGR of around 9% during 2011-2014.
Ongoing research found that, IRA (Individual Retirement Accounts) and Defined Contribution (DC) accounts for the majority of retirement assets in the US and these are predicted to witness significant growth in future. Improving life expectancies and old age population are the main driving factors of the retirement solutions markets in the US.
The report outlines that, in terms of different segments of the market; Individual Retirement Account (IRA) dominates all the segments and is responsible for the highest sales in the country. However, in terms of financial institutions that possess IRAs, mutual fund institutions accounted for majority of the total fund held under IRA, thus creating opportunities for individual to invest in these retirement plans.
Besides, the report analyzes factors critical to the success of the US retirement solution market. It has also identified key players in the market and included their detail business description. Additionally, the report sheds light on the emerging market opportunities, which are expected to decide the future of the US retirement solutions market.
“US Retirement Income Market Analysis” provides a detail analysis along with the current and future outlook of the retirement market and explores the market developments and potential. This report will help clients in analyzing leading-edge opportunities critical to the success of the market. Based on this analysis, the report predicts the future of the market that is intended as a rough guide to the direction, in which, the market is likely to move in future.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.