Issue link: https://nebusinessmedia.uberflip.com/i/1114735
W W W. M A I N E B I Z . B I Z 17 M AY 1 3 , 2 0 1 9 F O C U S W E A LT H M A N A G E M E N T / R E T I R E M E N T You have big dreams for your business. And to get there, you need more than traditional expertise. Go beyond the ordinary with Wipfli/Macpage. Go Beyond the Ordinary at wipfli.com/maine DECADES OF EXPERIENCE HELPING FAMILY BUSINESSES • Audit, accounting and tax • Human capital management • Cybersecurity • Business transition planning South Portland | Augusta aby boomers may be cashing out their retirement plans, but there is still a lot of money tied up in investment houses. As the chart at right illustrates, the United States leads the world in money held in regulated, open-end funds — $21.1 trillion all together, according to the Washington, D.C.-based Investment Company Institute, a trade association. Of the ways people are saving (see below), Individual Retirement Accounts hold a third of all retirement assets in the United States, though older-style defined-benefit plans continue to hold their own, with about a third of all retirement assets when combined. F O C U S S TA R T S O N F O L L OW I N G PA G E » B U . S . R E T I R E M E N T A S S E T S B Y S H A R E , 2 0 1 7 T H E G L O B A L R E T I R E M E N T N E S T E G G 33% 15% 8% 27% 11% 6% IRAs Defined contribution plans State, local government defined benefit plans Private-sector defined benefit plans Annuities Federal defined benefit plans United States Europe Asia-Pacific Rest of the world S O U R C E : Investment Company Institute S O U R C E : Investment Company Institute Total worldwide assets invested in regulated, open-end funds: $46.7 trillion $2.7 trillion $6.4 trillion $16.5 trillion $21.1 trillion