Despite evidence that younger investors are well-positioned to benefit from long-term retirement savings less than half (45%) plan to contribute to an Individual Retirement Account for the 2011 tax year, according to research.
A recent T. Rowe Price prospectus cites that more than half, 55%, say they do not plan to fund an IRA or are unsure whether they will by this tax filing season. Meanwhile 71% of these investors made an IRA contribution for the 2010 tax year.
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