If you have an IRA, how much money are you contributing to it every year? According to research from Fidelity, the average annual contribution to an IRA topped $4,000 for the first time last year. The average of $4,150 was 5.7 percent higher than it had been a year earlier.
Not surprisingly, that average varies greatly by age. People aged 60 to 69 made the highest IRA contributions, an average of $4,990. Those in their 30s contributed just $3,540 - but that was up 6.7 percent from the year earlier.
Add it all up, and IRA balances are now at an average of $89,100. That's a good sign that America is taking its retirement planning very seriously.
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