Retirement Savings "Skyrocket," or Inch Ahead, or Whatever

Stocks did great last year.

The S&P: up 13.6%

The Dow: up 16.3%

So it's no surprise to read this Investment News item: Retirment[sic] savings skyrocket in '06.

How high did assets in retirement plans rocket? Up 11%.

Apparently IRAs, 401(k) plans and such were lacking either equity exposure or new contributions. Maybe both.

Still, it's worth noting that retirement assets account for nearly 40% of household financial assets, up from 24% two decades ago, according to the Investment Company Institute.

Boomers have a lot of rolling over to do. The fight for their business can only get more fierce.