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IRAs worth about $5 trillion in 2010

Of the 3.5 million taxpayers who made IRA contributions, 62 percent were over the age of 50.

By Paula Aven Gladych | Updated on January 07, 2014

The end-of-year fair market value of IRAs reported by about 54.4 million taxpayers was roughly $5 trillion in 2010.

During that year, three-quarters of all taxpayers were eligible to contribute to an individual retirement account, according to the Internal Revenue Service’s Statistics of Income Bulletin, which examined tax returns from 2011. Of the 3.5 million taxpayers who made IRA contributions, 62 percent were over the age of 50.

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