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Accumulation and distribution of Individual Retirement Arrangements, 2010.

By the end of 2010, the fair market values for Individual Retirement Arrangements (IRAs) had recovered from their precipitous decline in 2008 to reach levels higher than their previous peak in 2007. Prior to 2008, the value of investments in IRAs exhibited steady growth, reaching $4.7 trillion for 2007. In 2008, year-end values dropped nearly 23 percent, to $3.7 trillion. (1) Since then, year-end values have recovered, reaching $4.5 trillion in 2009 and $5.0 trillion in 2010' (Figure A).

The 1-year decline from 2007 to 2008 was mainly attributable to substantial losses in financial asset values. Coupled with these losses, in 2008, IRA contribution amounts fell while IRA withdrawals increased. Rollovers, primarily the switch from a qualified retirement plan into an IRA also declined. However, such activity only accounted for marginal declines in year-end values. The nearly 37-percent rebound from 2008 to 2010 was entirely the result of improvements in the value of investments. In 2010, total contributions were lower and total withdrawals were higher than 2008 levels (Figure B). The amount of rollovers increased between 2008 and 2010, but these were still well below 2007 levels.

Roth IRA conversions increased significantly in 2010, although these were not responsible for changes in year-end fair market values. The amount converted to Roth IRAs rose over 800 percent, to $64.8 billion in 2010, surpassing contributions for the first time. This explosive growth was primarily due to new tax provisions expanding the availability of conversions to all income levels.

Types of Plans

Traditional IRAs

The Employee Retirement Income Security Act (ERISA) of 1974 created IRAs. These first retirement accounts, termed traditional IRAs, remained the primary type of Individual Retirement Arrangements held by taxpayers in 2010. In general, individuals receiving taxable compensation, such as wages, salaries, commissions, and self-employment income, can contribute to IRAs. For 2010, the maximum contribution amount to a traditional IRA was the smaller of the individual's taxable compensation or $5,000, which was unchanged from the 2009 limit. For taxpayers age 50 and older, an additional $1,000 "catch-up" contribution was allowed for both years. The amount that could be contributed in any particular tax year was restricted based on the taxpayer's coverage under an employer retirement plan, age, income, and filing status.

In general, a taxpayer who was under age 70% and not covered by a retirement plan at work, could make a traditional IRA contribution that was deductible from his or her taxable income. However, this deduction was limited or eliminated based on income level, filing status, and whether the taxpayer's spouse was covered by an employer-sponsored retirement plan. For example, in 2010, a single taxpayer with employer coverage had his or her deduction limited when modified adjusted gross income (AGI) level reached $56,000 or more, and eliminated when modified AGI levels reached $66,000 or more. (2) Married taxpayers filing jointly, with each spouse having employer coverage, had their deduction limited when modified AGI levels exceeded $89,000 and eliminated when modified AGI reached $109,000 or more. Married taxpayers filing jointly having coverage only through their spouses had their deduction limited when modified AGI levels reached $167,000 or more, and eliminated when modified AGI reached $177,000 or more. Married taxpayers filing separately did not get a deduction if their modified AGI exceeded $10,000. Most withdrawals from traditional IRAs made before age 59% were subject to a 10-percent additional tax.

Generally, distributions were required to begin by April 1 of the year following the year in which the taxpayer reached age 70% and were taxed as ordinary income. However, the Worker, Retiree, and Employer Recovery Act of 2008 suspended this rule for 2009 for all individuals regardless of marital status or account balance. Of the 8.1 million taxpayers age 70% and over holding a traditional IRA in 2009, some 3.2 million taxpayers took advantage of the suspension by not withdrawing money from their accounts. Proportionally, most taxpayers who took advantage were under age 75; of that group's 3.0 million taxpayers, 46 percent chose not to take a withdrawal (Figure C).

Of the 3.5 million taxpayers in 2010 who contributed to a traditional IRA, 2.2 million, or 62 percent, were age 50 or older and were therefore entitled to the catch-up contribution allowance (Table 5). Nearly 47 percent of these taxpayers made the full $1,000 catch-up contribution, resulting in the maximum contribution of $6,000. An additional 1.7 percent took advantage of some portion of the catch-up allowance.

Simplified Employee Pension IRAs

Employer-sponsored Simplified Employee Pension IRAs (SEP-IRAs), introduced in the Revenue Act of 1978, allowed employers to contribute to their employees' retirements. Self-employed individuals could also use a SEPIRA to contribute to their own retirement. In 2009 and 2010, an employer could contribute up to 20 percent of the first $245,000 of an employee's compensation, for a maximum contribution of $49,000. The statistics in this article include the contributions made by employers on behalf of the employees and contributions made by selfemployed individuals.

In 2010, nearly 1.1 million taxpayers contributed $12.0 billion to SEP-IRAs (Table 3). At year-end, 3.4 million taxpayers held $265.5 billion in SEP-IRA accounts. SEP-IRAs had the largest average contribution of any IRA account type, at $11,352 in 2010. This was driven by the sizable average contribution made by taxpayers with higher incomes coupled with the higher dollar limitations placed on SEP-IRA contributions relative to traditional and Roth IRAs.

Savings Incentive Match Plans for Employees IRAs

The Small Business Job Protection Act of 1996 introduced the Savings Incentive Match Plans for Employees (SIMPLE) IRAs. This Act provided a mechanism for employers (including self-employed individuals) to offer a tax-favored retirement plan for their employees. Employees have the option to make a salary reduction contribution, in which they transfer a portion of their pretax compensation to the account. Additionally, employers must make either matching contributions or nonelective contributions. (3) For 2010, employee salary reduction contributions to SIMPLE IRAs were limited to $11,500, with an additional catch-up contribution of up to $2,500 available to employees age 50 and over. Employer-matching contributions could not be more than 3 percent of an employee's compensation for the year. Nonelective contributions were fixed at 2 percent of an employee's yearly compensation. Only $245,000 of an employee's compensation could be used to determine the nonelective contribution limit. The statistics reported in this article include both the amounts contributed as employee-determined salary reduction contributions, as well as the employer's matching or nonelective contributions.

For 2010, some 1.7 million taxpayers contributed to a SIMPLE IRA (Table 1). The total amount contributed by taxpayers and employers was $7.9 billion. SIMPLE IRA contributions represented the lowest share of all IRA contributions, accounting for 15.4 percent of all contributions.

Roth IRAs

Roth IRAs, introduced in the Taxpayer Relief Act of 1997, differ from traditional IRAs in several substantive ways. First, contributions to Roth IRAs are not tax-deductible. Subsequently, unlike traditional IRAs, qualified distributions from these plans are tax-free and taxpayers are not required to take qualified distributions from these plans based on age. And finally, contributions can be made regardless of age.

Similar to other IRA plans investment returns in the plan are not taxed each year. However, contributions are limited based on income. For 2010, married taxpayers filing jointly were not permitted to make Roth IRA contributions if their modified AGI exceeded $177,000. Married taxpayers filing separately were not permitted to contribute to a Roth if their modified AGI were over $10,000. For unmarried taxpayers, the corresponding limit was $120,000.

While contributions remained limited, starting in 2010, the income restrictions on converting to a Roth IRA were lifted. Prior to 2010, only individuals with a modified AGI of less than $100,000 could convert to a Roth IRA. The total amount converted significantly increased for nearly all income classes between 2009 and 2010, with the largest increases occurring at income levels of $200,000 or more. The number of taxpayers who converted from a traditional IRA to a Roth IRA also increased significantly (Figure D).

The contribution limits for Roth IRAs are the same as those for traditional IRAs. In 2010, of the 5.8 million taxpayers who contributed to a Roth IRA, 2.2 million, or 38.4 percent, were age 50 or older, entitling them to an additional $1,000 in catch-up contributions (Table 6). However, only 49.9 percent of these taxpayers took advantage of some or all of the catch-up contribution allowance. Of the 1.1 million taxpayers who made a catch-up contribution, 93.2 percent contributed the maximum amount.

Trends and Highlights

For 2010, some 145.6 million taxpayers, or 74.1 percent of all taxpayers, were eligible to contribute to an IRA. This percentage has progressively declined from the 78.4 percent eligible in 2007.4 Additionally, the percentage of eligible taxpayers contributing to an IRA has declined every year since 2005, falling from 9.6 percent to 7.9 in 2010. (5)

While the absolute number of eligible taxpayers contributing has decreased since 2007, the average contribution has increased 3.8 percent from 2009 to 2010. In other words, fewer eligible taxpayers contributed to an IRA, but those who did, contributed more to their accounts, on average. Only those taxpayers with an AGI of less than $10,000 did not follow this pattern. This increase in average contributions from 2009 to 2010 also held for all age groups, with the exception of taxpayers under age 25 and those ages 65 and over.

For 2010 and consistent with earlier years, the percentage of taxpayers making contributions increased as income level rose for taxpayers reporting a non-zero AGI (Figure E). In fact, those making between $100,000 and $200,000 per year were more than twice as likely to contribute to an IRA as those making $30,000 to $40,000 annually. Taxpayers reporting no AGI had high participation rates and average contributions, which were most likely due to the inclusion of many wealthy individuals who experienced temporary losses. Along with the percentage of taxpayers contributing, average contributions also rose with higher income levels for those with an AGI greater than zero.

Consistent with prior years, for 2010, both the number of taxpayers making contributions and the total amount contributed peaked for taxpayers in the age 50under-60 group (Figure F). However, average IRA contributions increased with the age of the taxpayer through taxpayers in the age 70 and over group. This suggests that even though fewer taxpayers chose to contribute to an IRA, those who did contributed more on an individual basis than their counterparts in younger age groups.

The number of taxpayers who withdrew funds from their IRAs increased 13.9 percent from 2009 to 13.5 million for 2010 (Table 1). The amount of withdrawals also increased 48 percent from the 2009 level to $257.6 billion for 2010. Driving this result were taxpayers at higher income levels, primarily those with an AGI of $100,000 or more, whose withdrawal amounts more than doubled from 2009 to 2010 (Figure G).

Explanation of Selected Terms

Individual Retirement Arrangements--Any retirement savings vehicle established by an individual. Contained within are individual retirement accounts and individual retirement annuities.

Modified adjusted gross income--Adjusted gross income figured without taking into account any IRA deduction or foreign-earned income exclusion or foreign housing exclusion (deduction), any deduction for student loan interest, any qualified bond interest exclusion, and exclusions for certain tax-exempt interest amounts.

Eligible taxpayer--Those who qualified under Federal income tax law to make deductible or nondeductible contributions to a traditional and/or Roth IRA plan. In other words, they include all taxpayers under age 70% with earned income for traditional IRAs, as well as older taxpayers with earned income and modified adjusted gross income under the legally specified limits for Roth IRAs.

Fair market value (FMV)--On Form 5498, IRA Contribution Information, the trustee holding an IRA account reports to the owner and to the IRS the value of that account as of year's end (i.e., December 31).

Nonelective contribution--A mandatory contribution made by an employer towards his or her eligible employees' SIMPLE IRAs without regard to salary reduction contributions made by the employee.

Rollovers--Rollovers are amounts transferred from one account to another. In most cases, the amounts identified as "rollovers" on Form 5498, IRA Contribution Information, represent withdrawals from employer-sponsored plans that are then moved from one traditional IRA plan to another--but only if the taxpayer makes the withdrawal on his or her own and deposits the amount into another IRA account within 60 days. Trustee-to-trustee transfers are not generally considered rollovers; however, if a taxpayer contributed to one IRA during the current year, and later in the year decided to "recharacterize" it as a contribution to another IRA, the amount recharacterized is also shown as a rollover.

Roth conversions--Owners of traditional IRAs were able to convert them to Roth IRAs as long as they met the income limitations for making Roth IRA contributions. Under certain circumstances, SEP or SIMPLE IRAs could also be converted to Roth IRAs; however, these amounts could not be identified separately for the purpose of these statistics.

Data Sources and Limitations

The data presented in this article are based on information collected from matched samples of Forms 1040, U.S. Individual Income Tax Returns; Forms 5498, IRA Contribution Information; and Forms 1099R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. for Tax Years 2009 and 2010. Data from individual income tax returns (Form 1040) are based on a stratified weighted sample. (6)

In addition to the limitations of the Form 1040 sample described in the above-referenced report, special limitations apply to the Form 5498 data. As with the Form 1040, these data are before audit. In the case of contributions to IRA plans, this means that some Forms 5498 show amounts in excess of the maximum allowable contribution. If these excess amounts are identified by the taxpayer or trustee during the tax year, the excess amounts would be refunded and the amount of the refund documented on Form 1099-R. In these cases, the refund would be included in the "withdrawals" columns of these tables. On the other hand, the excess amounts may also include cases where rollovers or conversions were improperly reported as contributions, and the subsequent corrected Form 5498 was not available at the time the sample used in these statistics was created.

References

Bryant, Victoria (2012), "Accumulation and Distribution of Individual Retirement Arrangements, 2008," SOI Bulletin, Spring 2012, Volume 31, Number 4, pp. 89-104.

Bryant, Victoria (2008), "Accumulation and Distribution of Individual Retirement Arrangements, 2004," SOI Bulletin, Spring 2008, Volume 27, Number 4, pp. 90-101.

Department of Treasury, Internal Revenue Service, Individual Retirement Arrangements (IRAs), Publication 590, for more information on eligibility requirements and limitations.

(1) For more information see Bryant, Victoria (2012), "Accumulation and Distribution of Individual Retirement Arrangements, 2008," SOI Bulletin, Spring 2012, Volume 31, Number 4, pp. 89-104.

(2) See Explanation of Selected Terms for the definition of modified adjusted gross income

(3) See Explanation of Selected Terms for the definition of nonelective contribution.

(4) The decline between 2007 and 2010 is statistically significant.

(5) The decline between 2005 and 2010 is also statistically significant.

(6) For more information on matching and sampling procedures, see Sailer, Peter J.; Michael E. Weber; and Kurt S. Gurka (2002), "Are Taxpayers Increasing the Buildup of Retirement Assets? Preliminary Results from a Matched File of Tax Year 1999 Tax Returns and Information Returns," National Tax Association Proceedings, Ninety-fifth Annual Conference, pp. 364-369.

Victoria L. Bryant and Jon Gober are economists with the Individual Special Projects Section. This article was prepared under the direction of Lisa Rosenmerkel, Acting Chief

Table 1. Taxpayers with Individual Retirement Arrangement (IRA)
Plans, by Type of Plan, Tax Year 2010

[All figures are estimates based on samples--money amounts are in
thousands of dollars]

                                             Contributions deducted
                   Total contributions [1]        on Form 1040

                    Number of                 Number of
                    taxpayers     Amount      taxpayers     Amount

  Type of plan         (1)          (2)          (3)          (4)

Total [4]          11,540,393   51,210,690    4,166,699   20,737,719
  Traditional
    IRA plans       3,487,945   12,801,391    3,019,530   11,443,203
  SEP plans         1,053,876   11,963,079      614,383    7,101,137
  SIMPLE plans      1,709,465    7,881,701      591,901    2,193,379
  Roth IRA plans    5,801,369   18,564,519         n.a.         n.a.

                           Rollovers           Roth conversions [2]

                    Number of                 Number of
                    taxpayers      Amount     taxpayers      Amount

  Type of plan         (5)          (6)          (7)          (8)

Total [4]           4,323,498   299,715,386     869,400    64,767,827
  Traditional
    IRA plans       4,053,966   288,422,617     869,400   -64,767,827
  SEP plans            59,173     3,519,745         N/A           N/A
  SIMPLE plans            N/A           N/A         N/A           N/A
  Roth IRA plans      294,844     7,773,023     869,400    64,767,827

                       Withdrawals [3]

                    Number of
                    taxpayers      Amount

  Type of plan         (9)          (10)

Total [4]          13,459,026   257,611,338
  Traditional
    IRA plans      13,345,209   243,310,067
  SEP plans           500,395    13,669,685
  SIMPLE plans         29,322        58,000
  Roth IRA plans      118,577       573,585

                         End-of-year fair
                       market value of IRAs

                     Number of
                     taxpayers         Amount

  Type of plan          (11)            (12)

Total [4]             54,428,897   5,029,473,427
  Traditional
    IRA plans         42,991,769   4,339,604,304
  SEP plans            3,357,006     265,456,010
  SIMPLE plans         2,703,260      69,479,389
  Roth IRA plans      16,688,937     354,933,723

SEP--Simplified Employee Pension
SIMPLE--Savings Incentive Match Plans for Employees
n.a.--Not available
N/A--Not applicable

[1] For SEP and SIMPLE plans, total contributions include
contributions made by the taxpayer directly as well as those made
by an employer.

[2] For Tax Year 2010 owners of traditional IRAs were able to
convert traditional IRAs to Roth IRAs as long as they met the
income limitations for making Roth IRA contributions. Under
certain circumstances, SEP or SIMPLE IRAs could also be converted
to Roth IRAs; however, these amounts could not be identified
separately for the purpose of these statistics.

[3] Withdrawals are reported on Form 1099-R; does not include
withdrawals made for the purpose of rollovers to other IRA
accounts if the transfer was made by the trustee; Roth IRA
conversions are shown separately.

[4] The total represents the number of taxpayers who have at
least one IRA account. Taxpayers may have multiple types of IRA
plans. Consequently, the sum of the number of taxpayers with the
various types of IRA plans will exceed the total shown in the
table.

NOTE: Details may not add to total due to rounding.

Source: Matched file of Forms 1040, 1099-R, and 5498 for Tax Year
2010. IRS, Statistics of Income Division, June 2013.

Table 2. Taxpayers with Individual Retirement Arrangement (IRA)
Plans by Size of Adjusted Gross Income, Tax Year 2010

[All figures are estimates based on samples--money amounts are in
thousands of dollars]

                                        Number of taxpayers

                                            With pension   Eligible to
                                            coverage on     make IRA
                                             Forms W-2    contributions
                                 Total          [2]            [3]
     Size of adjusted
     gross income [1]             (1)           (2)            (3)

All taxpayers                 196,420,134    66,208,129    145,552,563
Taxpayers on returns
    reporting:
  No adjusted gross income      3,247,002       152,450        938,463
  $1 under $5,000              10,748,428       480,351      7,486,434
  $5,000 under $10,000         13,452,537     1,037,579      9,872,870
  $10,000 under $15,000        14,628,090     1,633,033     10,220,974
  $15,000 under $20,000        13,870,643     2,410,417      9,646,751
  $20,000 under $25,000        12,409,899     2,993,995      8,752,064
  $25,000 under $30,000        11,214,835     3,259,197      7,941,166
  $30,000 under $40,000        18,904,882     6,464,171     13,920,594
  $40,000 under $50,000        15,048,859     5,930,157     11,390,255
  $50,000 under $75,000        28,802,812    12,925,000     22,189,129
  $75,000 under $100,000       20,423,380    10,349,365     16,149,833
  $100,000 under $200,000      25,682,096    14,564,771     21,065,200
  $200,000 under $500,000       6,463,878     3,363,835      4,954,315
  $500,000 under $1,000,000     1,009,075       446,995        699,851
  $1,000,000 or more              513,718       196,813        324,664

                              Taxpayers with IRA accounts
                                  reported on Form 5498

                                   Total contributions

                                Number of
                                taxpayers         Amount
     Size of adjusted
     gross income [1]              (4)             (5)

All taxpayers                    11,540,392      51,210,692
Taxpayers on returns
    reporting:
  No adjusted gross income           96,041         406,395
  $1 under $5,000                   135,345         320,673
  $5,000 under $10,000              153,568         396,423
  $10,000 under $15,000             188,004         487,667
  $15,000 under $20,000             277,626         738,462
  $20,000 under $25,000             330,765         916,490
  $25,000 under $30,000             355,177         942,828
  $30,000 under $40,000             825,027       2,461,419
  $40,000 under $50,000             922,110       2,777,308
  $50,000 under $75,000           2,252,168       7,684,515
  $75,000 under $100,000          1,947,622       7,583,757
  $100,000 under $200,000         3,095,444      15,912,920
  $200,000 under $500,000           763,425       7,948,845
  $500,000 under $1,000,000         135,105       1,755,538
  $1,000,000 or more                 62,965         877,452

                                Taxpayers with IRA accounts
                                    reported on Form 5498

                                   Contributions deducted
                                        on Form 1040

                                Number of
                                taxpayers         Amount
     Size of adjusted
     gross income [1]              (6)             (7)

All taxpayers                     4,166,698      20,737,720
Taxpayers on returns
    reporting:
  No adjusted gross income           17,598          86,964
  $1 under $5,000                    29,275          79,917
  $5,000 under $10,000               55,613         112,107
  $10,000 under $15,000              70,526         202,079
  $15,000 under $20,000             129,536         345,896
  $20,000 under $25,000             171,633         481,967
  $25,000 under $30,000             216,575         570,579
  $30,000 under $40,000             439,501       1,388,281
  $40,000 under $50,000             452,246       1,601,379
  $50,000 under $75,000             811,455       3,282,420
  $75,000 under $100,000            561,455       2,534,737
  $100,000 under $200,000           849,076       5,383,705
  $200,000 under $500,000           287,834       3,507,787
  $500,000 under $1,000,000          49,860         756,019
  $1,000,000 or more                 24,515         403,883

                                Taxpayers with IRA accounts
                                    reported on Form 5498

                                          Rollovers

                                Number of
                                taxpayers         Amount
     Size of adjusted
     gross income [1]              (8)             (9)

All taxpayers                     4,323,498     299,715,385
Taxpayers on returns
    reporting:
  No adjusted gross income           45,839       2,837,875
  $1 under $5,000                    49,719       1,697,357
  $5,000 under $10,000               72,378       2,473,485
  $10,000 under $15,000             127,203       2,909,380
  $15,000 under $20,000             135,274       3,994,665
  $20,000 under $25,000             165,881       5,597,567
  $25,000 under $30,000             163,458       5,569,602
  $30,000 under $40,000             319,747      12,200,977
  $40,000 under $50,000             302,632      14,292,538
  $50,000 under $75,000             733,321      40,373,785
  $75,000 under $100,000            695,805      41,107,885
  $100,000 under $200,000         1,054,412      91,253,622
  $200,000 under $500,000           365,074      51,821,332
  $500,000 under $1,000,000          59,430      12,012,279
  $1,000,000 or more                 33,325      11,573,036

                                Taxpayers with IRA accounts
                                   reported on Form 5498

                                   Roth conversions [4]

                                Number of
                                taxpayers         Amount
     Size of adjusted
     gross income [1]              (10)            (11)

All taxpayers                       869,400      64,767,828
Taxpayers on returns
    reporting:
  No adjusted gross income           14,801       2,460,273
  $1 under $5,000                     2,065          49,765
  $5,000 under $10,000                8,074         116,514
  $10,000 under $15,000               9,452         137,767
  $15,000 under $20,000              15,053         699,557
  $20,000 under $25,000              15,779         380,077
  $25,000 under $30,000              11,000         292,789
  $30,000 under $40,000              34,598       1,013,552
  $40,000 under $50,000              45,835       1,394,359
  $50,000 under $75,000              99,949       2,777,832
  $75,000 under $100,000            116,289       4,567,962
  $100,000 under $200,000           250,889       9,987,392
  $200,000 under $500,000           168,184      18,159,529
  $500,000 under $1,000,000          45,830       8,356,295
  $1,000,000 or more                 31,602      14,374,165

                                 Taxpayers with IRA accounts
                                     reported on Form 5498

                                        Withdrawals [5]

                                Number of
                                taxpayers         Amount
     Size of adjusted
     gross income [1]              (12)            (13)

All taxpayers                    13,459,027     257,611,337
Taxpayers on returns
    reporting:
  No adjusted gross income          170,129       4,990,660
  $1 under $5,000                   304,500       1,359,367
  $5,000 under $10,000              567,374       2,780,382
  $10,000 under $15,000             796,663       4,152,167
  $15,000 under $20,000             779,410       5,547,405
  $20,000 under $25,000             658,699       5,202,583
  $25,000 under $30,000             614,614       5,945,905
  $30,000 under $40,000           1,160,630      11,791,525
  $40,000 under $50,000           1,039,678      11,770,474
  $50,000 under $75,000           2,366,513      30,706,865
  $75,000 under $100,000          1,852,041      33,360,346
  $100,000 under $200,000         2,248,180      62,036,160
  $200,000 under $500,000           712,342      45,330,540
  $500,000 under $1,000,000         122,659      13,929,427
  $1,000,000 or more                 65,595      18,707,531

                                Taxpayers with IRA accounts
                                   reported on Form 5498

                                     End of year fair
                                   market value of IRAs

                                Number of
                                taxpayers         Amount
     Size of adjusted
     gross income [1]              (14)            (15)

All taxpayers                    54,428,898   5,029,473,427
Taxpayers on returns
    reporting:
  No adjusted gross income          829,255      77,135,522
  $1 under $5,000                 1,045,227      49,324,508
  $5,000 under $10,000            1,411,149      70,786,832
  $10,000 under $15,000           1,789,760      91,059,658
  $15,000 under $20,000           1,933,984     104,090,474
  $20,000 under $25,000           2,004,979     118,775,509
  $25,000 under $30,000           1,950,484     114,711,670
  $30,000 under $40,000           4,021,014     245,152,843
  $40,000 under $50,000           3,924,013     238,660,236
  $50,000 under $75,000           9,490,661     704,097,506
  $75,000 under $100,000          8,191,997     716,447,836
  $100,000 under $200,000        12,753,063   1,436,580,026
  $200,000 under $500,000         4,053,457     762,599,669
  $500,000 under $1,000,000         687,697     177,406,765
  $1,000,000 or more                342,158     122,644,373

[1] For joint returns, both taxpayers are placed into the same
adjusted gross income class, as determined by the total amount on
the return.

[2] Number of taxpayers with pension coverage is determined from
Form W-2, box 13, which indicates participation in a retirement
plan.

[3] Those individuals qualifying under Federal Income Tax law to
make deductible or nondeductible contributions to a traditional
IRA and/or Roth IRA plan.

[4] Owners of traditional IRAs were able to convert them to Roth
IRAs as long as they met the income limitations for making Roth
IRA contributions. Under certain circumstances, SEP or SIMPLE
IRAs could also be converted to Roth IRAs; however, these amounts
could not be identified separately for the purpose of these
statistics.

[5] Withdrawals are reported on Form 1099-R; does not include
withdrawals for the purpose of rollovers to other IRA accounts if
the transfer was made by the trustee; Roth IRA conversions are
shown separately.

NOTE: Details may not add to total due to rounding.


Source: Matched file of Forms 1040, 1099-R, and 5498 for Tax Year
2010. IRS, Statistics of Income Division, June 2013.

Table 3. Taxpayers with Individual Retirement Arrangement (IRA)
Plans, by Type of Plan and by Size of Adjusted Gross Income, Tax
Year 2010

[All figures are estimates based on samples-money amounts are in
thousands of dollars and average amounts are in whole dollars]

                                 Traditional IRA plans

                                 Total contributions

                                  Number of       Amount      Average
                                  taxpayers      ($1,000)    ($1) [2]
       Size of adjusted
       gross income [1]              (1)           (2)          (3)

All taxpayers                      3,487,945    12,801,392      3,670
Taxpayers on returns reporting:
  No adjusted gross income            27,238        92,757      3,405
  $1 under $5,000                     27,332        60,378      2,209
  $5,000 under $10,000                31,349        83,775      2,672
  $10,000 under $15,000               48,338       124,950      2,585
  $15,000 under $20,000               92,270       253,404      2,746
  $20,000 under $25,000              108,007       315,540      2,921
  $25,000 under $30,000              112,463       320,788      2,852
  $30,000 under $40,000              275,467       873,013      3,169
  $40,000 under $50,000              318,907     1,088,662      3,414
  $50,000 under $75,000              655,386     2,165,658      3,304
  $75,000 under $100,000             508,152     1,747,357      3,439
  $100,000 under $200,000            821,018     3,367,178      4,101
  $200,000 under $500,000            351,270     1,724,450      4,909
  $500,000 under $1,000,000           73,181       383,720      5,243
  $1,000,000 or more                  37,567       199,762      5,317

                                 Traditional IRA plans

                                 End of year fair market value of IRAs

                                  Number of       Amount       Average
                                  taxpayers      ($1,000)       ($1)
       Size of adjusted
       gross income [1]              (4)           (5)           (6)

All taxpayers                    42,991,769   4,339,604,302    100,940
Taxpayers on returns reporting:
  No adjusted gross income          634,886      61,569,631     96,977
  $1 under $5,000                   785,132      44,254,342     56,365
  $5,000 under $10,000            1,123,748      63,249,928     56,285
  $10,000 under $15,000           1,515,652      83,888,710     55,348
  $15,000 under $20,000           1,574,209      93,850,309     59,617
  $20,000 under $25,000           1,600,237     107,668,600     67,283
  $25,000 under $30,000           1,552,306     103,217,189     66,493
  $30,000 under $40,000           3,125,882     218,045,713     69,755
  $40,000 under $50,000           3,042,099     212,870,789     69,975
  $50,000 under $75,000           7,352,840     616,371,352     83,828
  $75,000 under $100,000          6,325,803     622,924,808     98,474
  $100,000 under $200,000        10,082,418   1,233,455,801    122,337
  $200,000 under $500,000         3,392,912     639,478,722    188,475
  $500,000 under $1,000,000         589,553     146,244,540    248,060
  $1,000,000 or more                294,092      92,513,868    314,575

                                 SEP plans [3]

                                 Total contributions

                                  Number of       Amount      Average
                                  taxpayers      ($1,000)      ($1)
       Size of adjusted
       gross income [1]              (7)           (8)          (9)

All taxpayers                      1,053,876    11,963,079     11,352
Taxpayers on returns reporting:
  No adjusted gross income             6,067        56,591      9,328
  $1 under $5,000                    * 5,187      * 17,773    * 3,426
  $5,000 under $10,000                 9,162        26,937      2,940
  $10,000 under $15,000               11,964        30,008      2,508
  $15,000 under $20,000               14,550        70,148      4,821
  $20,000 under $25,000               17,708        62,557      3,533
  $25,000 under $30,000               23,438        63,389      2,705
  $30,000 under $40,000               56,744       263,961      4,652
  $40,000 under $50,000               51,404       160,851      3,129
  $50,000 under $75,000              148,769       889,894      5,982
  $75,000 under $100,000             130,345       936,946      7,188
  $100,000 under $200,000            317,334     3,685,975     11,615
  $200,000 under $500,000            206,291     4,134,765     20,043
  $500,000 under $1,000,000           37,373     1,012,552     27,093
  $1,000,000 or more                  17,540       550,732     31,399

                                 SEP plans [3]

                                 End of year fair market value of IRAs

                                  Number of       Amount      Average
                                  taxpayers      ($1,000)      ($1)
       Size of adjusted
       gross income [1]              (10)          (11)        (12)

All taxpayers                      3,357,006   265,456,011     79,075
Taxpayers on returns reporting:
  No adjusted gross income            79,830     5,685,021     71,214
  $1 under $5,000                     50,184     1,456,337     29,020
  $5,000 under $10,000                55,375     2,079,887     37,560
  $10,000 under $15,000               53,314     2,320,236     43,520
  $15,000 under $20,000               71,472     2,628,970     36,783
  $20,000 under $25,000               72,556     3,556,745     49,021
  $25,000 under $30,000               92,896     4,015,587     43,227
  $30,000 under $40,000              194,961     6,990,621     35,857
  $40,000 under $50,000              189,267     6,625,695     35,007
  $50,000 under $75,000              472,693    24,859,784     52,592
  $75,000 under $100,000             464,560    27,749,912     59,734
  $100,000 under $200,000            919,313    79,885,970     86,897
  $200,000 under $500,000            500,560    71,326,939    142,494
  $500,000 under $1,000,000           95,185    17,257,610    181,306
  $1,000,000 or more                  44,840     9,016,697    201,086

                                 SIMPLE plans [4]

                                 Total contributions

                                  Number of       Amount      Average
                                  taxpayers      ($1,000)      ($1)
       Size of adjusted
       gross income [1]              (13)          (14)        (15)

All taxpayers                      1,709,466     7,881,700      4,611
Taxpayers on returns reporting:
  No adjusted gross income            10,095        66,903      6,627
  $1 under $5,000                    * 2,974       * 4,582    * 1,541
  $5,000 under $10,000                18,665        19,030      1,020
  $10,000 under $15,000               15,944        27,226      1,708
  $15,000 under $20,000               38,155        39,842      1,044
  $20,000 under $25,000               58,914        66,514      1,129
  $25,000 under $30,000               81,710       181,310      2,219
  $30,000 under $40,000              176,508       343,991      1,949
  $40,000 under $50,000              144,863       399,468      2,758
  $50,000 under $75,000              334,811       977,203      2,919
  $75,000 under $100,000             290,517     1,138,726      3,920
  $100,000 under $200,000            361,404     2,451,514      6,783
  $200,000 under $500,000            142,826     1,720,044     12,043
  $500,000 under $1,000,000           24,305       331,331     13,632
  $1,000,000 or more                   7,775       114,016     14,664

                                 SIMPLE plans [4]

                                 End of year fair market value of IRAs

                                  Number of       Amount      Average
                                  taxpayers      ($1,000)      ($1)
       Size of adjusted
       gross income [1]              (16)          (17)        (18)

All taxpayers                      2,703,262    69,479,389     25,702
Taxpayers on returns reporting:
  No adjusted gross income            37,305     1,191,032     31,927
  $1 under $5,000                     16,727       174,327     10,422
  $5,000 under $10,000                42,145       581,451     13,796
  $10,000 under $15,000               46,714       422,915      9,053
  $15,000 under $20,000               82,663       842,836     10,196
  $20,000 under $25,000              116,282       852,651      7,333
  $25,000 under $30,000              129,968     1,427,903     10,987
  $30,000 under $40,000              256,618     3,280,637     12,784
  $40,000 under $50,000              221,546     3,040,449     13,724
  $50,000 under $75,000              523,132     9,668,604     18,482
  $75,000 under $100,000             429,209     9,603,368     22,375
  $100,000 under $200,000            545,704    20,530,191     37,621
  $200,000 under $500,000            209,064    14,111,181     67,497
  $500,000 under $1,000,000           34,573     2,707,302     78,307
  $1,000,000 or more                  11,612     1,044,542     89,954

                                 Roth IRA plans

                                 Total contributions

                                  Number of       Amount      Average
                                  taxpayers      ($1,000)      ($1)
       Size of adjusted
       gross income [1]              (19)          (20)        (21)

All taxpayers                      5,801,369    18,564,517      3,200
Taxpayers on returns reporting:
  No adjusted gross income            57,130       190,143      3,328
  $1 under $5,000                    100,854       237,940      2,359
  $5,000 under $10,000                96,923       266,681      2,751
  $10,000 under $15,000              118,125       305,483      2,586
  $15,000 under $20,000              140,520       375,067      2,669
  $20,000 under $25,000              159,788       471,879      2,953
  $25,000 under $30,000              151,517       377,341      2,490
  $30,000 under $40,000              341,921       980,454      2,867
  $40,000 under $50,000              445,796     1,128,326      2,531
  $50,000 under $75,000            1,215,827     3,651,760      3,004
  $75,000 under $100,000           1,124,217     3,760,728      3,345
  $100,000 under $200,000          1,745,087     6,408,253      3,672
  $200,000 under $500,000             94,818       369,585      3,898
  $500,000 under $1,000,000            6,106        27,936      4,575
  $1,000,000 or more                   2,740        12,941      4,723

                                 Roth IRA plans

                                 End of year fair market value of IRAs

                                  Number of       Amount      Average
                                  taxpayers      ($1,000)      ($1)
       Size of adjusted
       gross income [1]              (22)          (23)        (24)

All taxpayers                     16,688,936   354,933,723     21,268
Taxpayers on returns reporting:
  No adjusted gross income           234,054     8,689,838     37,127
  $1 under $5,000                    298,716     3,439,502     11,514
  $5,000 under $10,000               340,089     4,875,566     14,336
  $10,000 under $15,000              367,409     4,427,797     12,051
  $15,000 under $20,000              434,986     6,768,358     15,560
  $20,000 under $25,000              480,755     6,697,513     13,931
  $25,000 under $30,000              434,439     6,050,991     13,928
  $30,000 under $40,000            1,041,747    16,835,871     16,161
  $40,000 under $50,000            1,134,317    16,123,303     14,214
  $50,000 under $75,000            2,996,313    53,197,766     17,754
  $75,000 under $100,000           2,889,518    56,169,748     19,439
  $100,000 under $200,000          4,772,496   102,708,064     21,521
  $200,000 under $500,000          1,073,986    37,682,827     35,087
  $500,000 under $1,000,000          127,862    11,197,313     87,573
  $1,000,000 or more                  62,249    20,069,266    322,403

* Estimate should be used with caution due to the small number of
sample returns on which it is based.

[1] For joint returns, both taxpayers are placed into the same
adjusted gross income class, as determined by the total amount on
the return.

[2] The statistics are based on unaudited data and contain some
amounts in excess of the legal maximum. For additional
explanation, see Data Sources and Limitations found in Bryant,
Victoria, "Accumulation and Distribution of Individual Retirement
Arrangements, 2004" SOI Bulletin, Spring 2008, Volume 27, Number
4, pp. 90-101.

[3] For SEP plans, total contributions include contributions made
by the taxpayer directly as well as those made by an employer.

[4] For SIMPLE plans, total contributions include contributions
made by the taxpayer directly as well as those made by an
employer.

NOTE: Details may not add to total due to rounding.

Source: Matched file of Forms 1040, 1099-R, and 5498 for Tax Year
2010. IRS, Statistics of Income Division, June 2013.

Table 4. Taxpayers with Individual Retirement Arrangement (IRA)
Plans, by Age of Taxpayer, Tax Year 2010

[All figures are estimates based on samples-money amounts are in
thousands of dollars]

                 Number of taxpayers

                               With pension   Eligible to
                               coverage on      make IRA
                                Forms W-2    contributions
                    Total          [1]            [2]
    Age of
   taxpayer          (1)           (2)            (3)

All taxpayers    196,420,136    66,208,127     145,552,561
  No age
    information      570,290        36,088         212,992
  Under 15           266,858       * 8,093          52,611
  15 under 20      5,214,054       312,140       4,570,388
  20 under 25     16,305,519     3,494,957      14,698,685
  25 under 30     18,436,965     6,547,598      15,919,494
  30 under 35     18,203,139     7,297,582      15,250,367
  35 under 40     17,992,003     7,605,274      15,010,823
  40 under 45     18,789,856     8,329,080      15,826,674
  45 under 50     19,770,639     8,894,509      16,753,367
  50 under 55     19,553,706     9,028,008      16,149,338
  55 under 60     17,494,344     7,561,744      13,800,863
  60 under 65     14,588,464     4,789,871       9,651,095
  65 under 70     10,097,243     1,564,397       4,410,253
  70 under 75      7,158,551       518,607       1,915,869
  75 under 80      5,074,985       162,798         829,533
  80 and over      6,903,520        57,381         500,209

                 Taxpayers with IRA accounts
                 reported on Form 5498

                                           Contributions deducted
                 Total contributions       on Form 1040

                  Number of                Number of
                  taxpayers     Amount     taxpayers     Amount
    Age of
   taxpayer          (4)          (5)         (6)          (7)

All taxpayers    11,540,393   51,210,690   4,166,696   20,737,721
  No age
    information       2,990        5,774     * 4,047     * 19,526
  Under 15          * 8,535     * 26,434     * 2,002      * 7,651
  15 under 20        43,210       83,960       9,037        9,697
  20 under 25       331,598      788,100      88,581      155,391
  25 under 30       883,159    2,447,363     253,655      732,180
  30 under 35     1,064,433    3,303,182     251,101      888,053
  35 under 40     1,132,642    3,907,992     282,911    1,186,321
  40 under 45     1,220,967    4,975,593     341,046    1,666,709
  45 under 50     1,424,331    6,373,344     495,985    2,320,343
  50 under 55     1,616,601    8,208,863     632,620    3,385,862
  55 under 60     1,745,050    9,315,574     759,543    4,264,715
  60 under 65     1,305,078    7,328,053     648,191    3,720,579
  65 under 70       594,217    3,396,994     330,408    1,933,858
  70 under 75       119,341      754,798      47,435      304,203
  75 under 80        31,228      202,264      15,975      104,686
  80 and over        17,013       92,402       4,159       37,947

                 Taxpayers with IRA accounts
                 reported on Form 5498

                 Rollovers                 Roth conversions [3]

                 Number of                 Number of
                 taxpayers      Amount     taxpayers     Amount
    Age of
   taxpayer         (8)          (9)          (10)        (11)

All taxpayers    4,323,498   299,715,386     869,399   64,767,827
  No age
    information      3,085       116,096     * 1,027      * 8,174
  Under 15           * 999         * 248           0            0
  15 under 20            0             0           0            0
  20 under 25       47,352       199,694       9,141       52,650
  25 under 30      202,529     1,321,044      37,441      332,877
  30 under 35      286,381     4,678,547      54,813    1,039,397
  35 under 40      295,877     9,583,106      78,745    2,495,288
  40 under 45      367,424    13,296,221      78,426    2,843,586
  45 under 50      468,464    22,149,836      96,986    4,254,894
  50 under 55      494,322    32,847,413      97,662    7,015,421
  55 under 60      613,104    55,192,434     111,744    7,082,497
  60 under 65      702,617    76,813,889     123,120   11,929,298
  65 under 70      432,028    46,867,330     114,100   13,204,280
  70 under 75      243,423    22,483,037      33,595    8,296,679
  75 under 80       81,107     6,424,724      23,372    3,793,114
  80 and over       84,786     7,741,767       9,227    2,419,672

                 Taxpayers with IRA accounts
                 reported on Form 5498

                                            End of year fair market
                 Withdrawals [4]            value of IRAs

                  Number of                  Number of
                  taxpayers      Amount      taxpayers       Amount
    Age of
   taxpayer         (12)          (13)         (14)           (15)

All taxpayers    13,459,025   257,611,337   54,428,897   5,029,473,427
  No age
    information       6,808       163,765       33,917       1,612,929
  Under 15          * 2,847      * 18,765       17,204         252,107
  15 under 20       * 7,603      * 26,240       81,925       1,020,961
  20 under 25        33,050       166,087      658,032       4,271,227
  25 under 30       119,126       792,404    1,925,049      17,473,303
  30 under 35       192,747     2,215,303    3,006,027      45,393,159
  35 under 40       300,579     5,204,728    3,785,400      93,376,174
  40 under 45       430,490     7,951,289    4,697,248     176,972,598
  45 under 50       552,923    12,142,947    5,796,971     315,379,000
  50 under 55       734,126    18,769,743    6,745,970     496,102,528
  55 under 60       847,323    22,109,707    7,134,799     706,378,339
  60 under 65     1,429,492    43,292,551    6,664,113     949,927,965
  65 under 70     1,347,126    41,021,477    5,022,545     877,341,166
  70 under 75     2,705,865    43,716,677    3,563,566     627,955,155
  75 under 80     2,209,310    29,937,344    2,530,225     408,213,641
  80 and over     2,539,610    30,082,310    2,765,906     307,803,175

* Estimate should be used with caution due to the small number of
sample returns on which it is based.

[1] Number of taxpayers with pension coverage is determined from
Form W-2 box 13, which indicates participation in a retirement
plan.

[2] Those individuals qualifying under Federal Income Tax law to
make deductible or nondeductible contributions to a traditional
IRA and/or Roth IRA plan.

[3] Owners of traditional IRAs were able to convert them to Roth
IRAs as long as they met the income limitations for making Roth
IRA contributions. Under certain

circumstances, SEP or SIMPLE IRAs could also be converted to Roth
IRAs; however, these amounts could not be identified separately
for the purpose of these statistics.

[4] Withdrawals are reported on Form 1099-R; does not include
withdrawals for the purpose of rollovers to other IRA accounts if
the transfer was made by the trustee; Roth
IRA conversions are shown separately.

NOTE: Details may not add to total due to rounding.

Source: Matched file of Forms 1040, 1099-R, and 5498 for Tax Year
2010. IRS, Statistics of Income Division, June 2013.

Table 5. Taxpayers with Traditional Individual Retirement
Arrangement (IRA) Contributions, by Size of Contribution
and Age of Taxpayer, Tax Year 2010

[All figures are estimates based on samples--money amounts
are in thousands of dollars]

                   Total contributions to Traditional IRA Plans

                      Total                  Under $2,000

                    Number of                 Number of
                    taxpayers     Amount      taxpayers     Amount

 Age of taxpayer       (1)          (2)          (3)          (4)

All taxpayers       3,487,944   12,801,392      974,532      718,179
  No age
    information          * 19         * 92            0            0
  Under 15            * 1,001      * 4,999            0            0
  15 under 20         * 2,034      * 1,583      * 2,024      * 1,532
  20 under 25          29,804       55,416       17,982        8,887
  25 under 30         122,630      314,774       54,979       35,588
  30 under 35         177,786      518,154       66,135       44,939
  35 under 40         238,299      673,425      100,160       62,614
  40 under 45         301,290      961,527       99,857       71,485
  45 under 50         441,647    1,438,694      137,156      107,151
  50 under 55         553,866    2,042,809      155,725      122,092
  55 under 60         693,750    2,849,479      151,314      116,517
  60 under 65         605,975    2,539,441      126,517      100,459
  65 under 70 1/2     319,843    1,400,999       62,683       46,915

                   Total contributions to Traditional IRA Plans

                   Exactly $2,000            Over $2,000, under $3,000

                    Number of                 Number of
                    taxpayers     Amount      taxpayers     Amount

 Age of taxpayer       (5)          (6)          (7)          (8)

All taxpayers         169,555      339,109      174,189      425,505
  No age
    information             0            0            0            0
  Under 15                  0            0            0            0
  15 under 20               0            0            0            0
  20 under 25         * 1,001      * 2,002      * 1,001      * 2,503
  25 under 30         * 5,999     * 11,998       10,086       25,225
  30 under 35           9,072       18,144       11,945       29,111
  35 under 40           6,765       13,529       11,571       28,721
  40 under 45          10,603       21,206       13,459       33,550
  45 under 50          23,845       47,690       26,152       63,213
  50 under 55          42,743       85,486       25,065       59,820
  55 under 60          34,481       68,963       33,635       82,291
  60 under 65          25,726       51,451       27,809       67,170
  65 under 70 1/2       9,320       18,640       13,466       33,901

                   Total contributions to Traditional IRA Plans

                   Exactly $3,000            Over $3,000, under $3,500

                    Number of                 Number of
                    taxpayers     Amount      taxpayers     Amount

 Age of taxpayer       (9)         (10)         (11)         (12)

All taxpayers         144,269      432,809       41,554      134,470
  No age
    information             0            0            0            0
  Under 15                  0            0            0            0
  15 under 20               0            0            0            0
  20 under 25         * 3,540     * 10,620            0            0
  25 under 30         * 4,073     * 12,219        * 300        * 929
  30 under 35         * 4,453     * 13,359      * 5,296     * 17,450
  35 under 40           7,901       23,702        5,273       16,678
  40 under 45          13,832       41,496        4,938       15,855
  45 under 50          11,157       33,472      * 3,614     * 11,284
  50 under 55          22,349       67,047        4,193       13,003
  55 under 60          32,682       98,047        8,255       26,726
  60 under 65          33,663      100,989        5,628       19,198
  65 under 70 1/2      10,619       31,858      * 4,057     * 13,347

                   Total contributions to Traditional IRA Plans

                   Exactly $3,500            Over $3,500, under $4,000

                    Number of                 Number of
                    taxpayers     Amount      taxpayers     Amount

 Age of taxpayer      (13)         (14)         (15)         (16)

All taxpayers          23,108       80,880       42,308      160,161
  No age
    information             0            0            0            0
  Under 15                  0            0            0            0
  15 under 20               0            0            0            0
  20 under 25               0            0            0            0
  25 under 30               0            0      * 2,023      * 7,797
  30 under 35         * 1,038      * 3,632      * 2,628      * 9,970
  35 under 40         * 1,001      * 3,504      * 1,950      * 7,744
  40 under 45         * 2,009      * 7,032        2,598        9,835
  45 under 50           * 944      * 3,305        9,032       34,422
  50 under 55         * 4,264     * 14,923        5,147       19,147
  55 under 60           7,255       25,393        6,708       25,456
  60 under 65         * 5,621     * 19,674        6,718       25,242
  65 under 70 1/2       * 976      * 3,417        5,504       20,548

                   Total contributions to Traditional IRA Plans

                   Exactly $4,000            Over $4,000, under $4,500

                    Number of                 Number of
                    taxpayers     Amount      taxpayers     Amount

 Age of taxpayer      (17)         (18)         (19)         (20)

All taxpayers          92,373      369,495       19,291       82,441
  No age
    information             0            0            0            0
  Under 15                  0            0            0            0
  15 under 20               0            0            0            0
  20 under 25               0            0            0            0
  25 under 30         * 4,024     * 16,098            0            0
  30 under 35         * 3,144     * 12,578      * 1,034      * 4,545
  35 under 40             686        2,745        * 458      * 1,914
  40 under 45           7,757       31,030         * 11         * 46
  45 under 50           4,831       19,323        4,664       19,744
  50 under 55          22,300       89,200      * 1,385      * 5,996
  55 under 60          23,729       94,916        4,989       21,139
  60 under 65          17,770       71,079        3,046       13,159
  65 under 70 1/2       8,132       32,526      * 3,704     * 15,898

                   Total contributions to Traditional IRA Plans

                   Exactly $4,500            Over $4,500, under $5,000

                    Number of                 Number of
                    taxpayers     Amount      taxpayers     Amount

 Age of taxpayer      (21)         (22)         (23)         (24)

All taxpayers          13,103       58,967       51,259      247,333
  No age
    information             0            0          * 8         * 41
  Under 15                  0            0      * 1,001      * 4,999
  15 under 20               0            0            0            0
  20 under 25               0            0            0            0
  25 under 30               0            0      * 3,407     * 16,229
  30 under 35           * 209        * 943        3,448       16,562
  35 under 40           * 300      * 1,350        3,406       16,779
  40 under 45         * 1,001      * 4,505        4,815       23,441
  45 under 50         * 2,016      * 9,071       12,704       62,365
  50 under 55         * 3,026     * 13,618        6,585       31,484
  55 under 60         * 4,319     * 19,435        7,431       35,587
  60 under 65         * 1,897      * 8,538        6,970       32,746
  65 under 70 1/2       * 335      * 1,507      * 1,484      * 7,100

                   Total contributions to Traditional IRA Plans

                   Exactly $5,000            Over $5,000, under $6,000

                    Number of                 Number of
                    taxpayers     Amount      taxpayers     Amount

 Age of taxpayer      (25)         (26)         (27)         (28)

All taxpayers         683,606    3,418,034       37,611      206,892
  No age
    information          * 10         * 51            0            0
  Under 15                  0            0            0            0
  15 under 20            * 10         * 51            0            0
  20 under 25           6,281       31,404            0            0
  25 under 30          37,738      188,691            0            0
  30 under 35          69,385      346,923            0            0
  35 under 40          98,829      494,144            0            0
  40 under 45         140,409      702,046            0            0
  45 under 50         205,531    1,027,654            0            0
  50 under 55          39,939      199,697       11,326       62,380
  55 under 60          33,351      166,755        8,766       47,248
  60 under 65          31,020      155,101       14,719       81,401
  65 under 70 1/2      21,103      105,517        2,800       15,863

                   Total contributions to
                   Traditional IRA Plans

                   Exactly $6,000

                    Number of
                    taxpayers     Amount

 Age of taxpayer      (29)         (30)

All taxpayers       1,021,186    6,127,115
  No age
    information             0            0
  Under 15                  0            0
  15 under 20               0            0
  20 under 25               0            0
  25 under 30               0            0
  30 under 35               0            0
  35 under 40               0            0
  40 under 45               0            0
  45 under 50               0            0
  50 under 55         209,819    1,258,914
  55 under 60         336,835    2,021,007
  60 under 65         298,872    1,793,232
  65 under 70 1/2     175,660    1,053,962

* Estimate should be used with caution due to the small number
of sample returns on which it is based.

NOTE: Details may not add to total due to rounding.

Source: Matched file of Forms 1040, 1099-R, and 5498 for Tax
Year 2010. IRS, Statistics of Income Division, June 2013.

Table 6. Taxpayers with Roth Individual Retirement Account (IRA)
Contributions, by Size of Contributions and Age of Taxpayer, Tax
Year 2010

[All figures are estimates based on samples-money amounts are in
thousands of dollars]

                 Total contributions to Roth IRA plans

                    Total                    Under $2,000

                  Number of                   Number of
                  taxpayers       Amount      taxpayers       Amount
    Age of
   taxpayer          (1)           (2)           (3)           (4)

All taxpayers      5,801,368    18,564,517     2,234,573     1,861,207
  No age
    information      * 2,928       * 5,334       * 1,949         * 439
  Under 15           * 6,533      * 17,588       * 3,529       * 4,575
  15 under 20         36,173        80,033        18,613        12,070
  20 under 25        249,876       643,741       113,652        74,244
  25 under 30        607,905     1,609,021       285,734       222,607
  30 under 35        690,908     1,817,142       326,430       263,332
  35 under 40        662,888     1,670,602       331,048       282,618
  40 under 45        637,689     1,756,685       273,586       228,005
  45 under 50        676,785     2,011,294       262,326       228,686
  50 under 55        706,750     2,561,409       242,528       214,291
  55 under 60        760,906     2,944,617       229,730       202,180
  60 under 65        491,141     2,223,398        94,255        84,317
  65 under 70        176,838       793,606        34,548        25,251
  70 and over         94,048       430,047        16,645        18,592

                 Total contributions to Roth IRA plans

                 Exactly $2,000              Over $2,000, under $3,000

                  Number of                   Number of
                  taxpayers       Amount      taxpayers       Amount
    Age of
   taxpayer          (5)           (6)           (7)           (8)

All taxpayers        135,688       271,376       368,177       891,109
  No age
    information            0             0             0             0
  Under 15                 0             0             0             0
  15 under 20        * 3,037       * 6,074       * 2,016       * 5,034
  20 under 25        * 5,048      * 10,096        20,641        51,272
  25 under 30         17,129        34,257        34,124        82,117
  30 under 35         13,235        26,470        50,596       122,740
  35 under 40         15,798        31,596        48,101       115,199
  40 under 45         20,944        41,887        50,350       120,897
  45 under 50         16,607        33,215        47,881       116,965
  50 under 55         16,109        32,219        38,229        94,294
  55 under 60         13,855        27,710        44,519       105,809
  60 under 65          9,484        18,967        18,510        46,048
  65 under 70          4,146         8,293         7,785        18,431
  70 and over          * 296         * 592       * 5,425      * 12,303

                 Total contributions to Roth IRA plans

                 Exactly $3,000              Over $3,000, under $3,500

                  Number of                   Number of
                  taxpayers       Amount      taxpayers       Amount
    Age of
   taxpayer          (9)           (10)          (11)          (12)

All taxpayers        181,243       543,726        55,989       183,813
  No age
    information            0             0             0             0
  Under 15           * 1,001       * 3,003             0             0
  15 under 20          * 998       * 2,993             0             0
  20 under 25         12,552        37,656       * 1,057       * 3,473
  25 under 30         18,750        56,250       * 3,894      * 12,437
  30 under 35         17,075        51,226       * 3,893      * 12,727
  35 under 40         18,412        55,235        11,834        39,422
  40 under 45         18,185        54,556         7,628        25,258
  45 under 50         23,195        69,586         7,897        25,458
  50 under 55         24,853        74,558         7,095        23,054
  55 under 60         27,170        81,509         4,680        15,208
  60 under 65         12,678        38,033         5,362        18,018
  65 under 70        * 2,317       * 6,951       * 1,542       * 4,997
  70 and over        * 4,057      * 12,170       * 1,107       * 3,761

                 Total contributions to Roth IRA plans

                 Exactly $3,500              Over $3,500, under $4,000

                  Number of                   Number of
                  taxpayers       Amount      taxpayers       Amount
    Age of
   taxpayer          (13)          (14)          (15)          (16)

All taxpayers         21,701        75,948       164,854       620,102
  No age
    information            0             0             0             0
  Under 15                 0             0             0             0
  15 under 20              0             0       * 1,929       * 7,370
  20 under 25        * 2,016       * 7,055       * 4,316      * 16,153
  25 under 30        * 5,328      * 18,646        11,084        41,883
  30 under 35        * 2,319       * 8,116        28,018       107,266
  35 under 40        * 2,146       * 7,510        18,212        68,362
  40 under 45          * 148         * 520        28,347       108,253
  45 under 50           * 40         * 139        26,616       100,164
  50 under 55        * 1,196       * 4,186        22,032        81,695
  55 under 60        * 5,033      * 17,614        13,740        50,536
  60 under 65        * 2,177       * 7,618         8,006        29,150
  65 under 70        * 1,001       * 3,504       * 1,053       * 3,802
  70 and over          * 297       * 1,040       * 1,501       * 5,468

                 Total contributions to Roth IRA plans

                 Exactly $4,000              Over $4,000, under $4,500

                  Number of                   Number of
                  taxpayers       Amount      taxpayers       Amount
    Age of
   taxpayer          (17)          (18)          (19)          (20)

All taxpayers         87,452       349,807        48,622       204,475
  No age
    information            0             0             0             0
  Under 15                 0             0             0             0
  15 under 20        * 1,018       * 4,072             0             0
  20 under 25        * 7,069      * 28,275       * 1,001       * 4,204
  25 under 30         12,090        48,359       * 4,978      * 20,493
  30 under 35          9,956        39,824         9,969        42,290
  35 under 40          8,090        32,362         6,088        25,820
  40 under 45         11,213        44,850       * 1,922       * 7,871
  45 under 50         14,562        58,248         7,039        29,766
  50 under 55          9,321        37,284       * 3,624      * 15,065
  55 under 60          7,385        29,540         8,766        37,265
  60 under 65        * 2,448       * 9,790         2,812        11,816
  65 under 70        * 1,685       * 6,741       * 2,317       * 9,423
  70 and over        * 2,615      * 10,462         * 106         * 462

                 Total contributions to Roth IRA plans

                 Exactly $4,500              Over $4,500, under $5,000

                  Number of                   Number of
                  taxpayers       Amount      taxpayers       Amount
    Age of
   taxpayer          (21)          (22)          (23)          (24)

All taxpayers         19,654        88,446       211,268     1,034,447
  No age
    information            0             0             0             0
  Under 15                 0             0             0             0
  15 under 20              0             0         * 972       * 4,470
  20 under 25        * 1,001       * 4,505       * 5,871      * 28,547
  25 under 30              0             0        25,492       125,456
  30 under 35        * 1,306       * 5,879        37,865       186,050
  35 under 40        * 1,292       * 5,814        39,142       193,036
  40 under 45        * 1,984       * 8,926        19,730        97,395
  45 under 50        * 1,028       * 4,627        37,773       185,334
  50 under 55        * 2,576      * 11,594        17,022        81,669
  55 under 60        * 5,671      * 25,518        10,958        53,173
  60 under 65        * 3,675      * 16,539        12,859        62,171
  65 under 70        * 1,121       * 5,044         * 592       * 2,889
  70 and over              0             0       * 2,992      * 14,257

                 Total contributions to Roth IRA plans

                 Exactly $5,000              Over $5,000, under $6,000

                  Number of                   Number of
                  taxpayers       Amount      taxpayers       Amount
    Age of
   taxpayer          (25)          (26)          (27)          (28)

All taxpayers      1,159,810     5,799,051        75,210       418,218
  No age
    information        * 979       * 4,896             0             0
  Under 15           * 2,002      * 10,010             0             0
  15 under 20        * 7,590      * 37,951             0             0
  20 under 25         75,652       378,260             0             0
  25 under 30        189,303       946,515             0             0
  30 under 35        190,244       951,221             0             0
  35 under 40        162,726       813,629             0             0
  40 under 45        203,654     1,018,268             0             0
  45 under 50        231,821     1,159,106             0             0
  50 under 55         35,252       176,261        15,613        87,446
  55 under 60         25,690       128,450        27,254       151,351
  60 under 65         22,717       113,587        21,623       120,130
  65 under 70          9,382        46,909         8,918        48,785
  70 and over          2,798        13,988         1,802        10,506

                 Total contributions
                 to Roth IRA plans

                 Exactly $6,000

                  Number of
                  taxpayers       Amount
    Age of
   taxpayer          (29)          (30)

All taxpayers      1,037,133     6,222,794
  No age
    information            0             0
  Under 15                 0             0
  15 under 20              0             0
  20 under 25              0             0
  25 under 30              0             0
  30 under 35              0             0
  35 under 40              0             0
  40 under 45              0             0
  45 under 50              0             0
  50 under 55        271,299     1,627,793
  55 under 60        336,459     2,018,753
  60 under 65        274,536     1,647,214
  65 under 70        100,431       602,587
  70 and over         54,408       326,447

* Estimate should be used with caution due to the small number of
sample returns on which it is based

NOTE: Roth IRA refers to an individual retirement plan that is
subject to the rules that apply to a traditional IRA with
exceptions, as defined by Publication 590, p. 36.

Source: Matched file of Forms 1040, 1099-R, and 5498 for Tax Year
2010. IRS, Statistics of Income Division, June 2013.

Figure B
Individual Retirement Account Activity, Tax Years 2004-2010

Billions of dollars

                   2004   2005   2006   2007   2008   2009   2010

Rollovers          214.9  228.5  282.0  322.3  272.1  264.3  299.7
Withdrawals        139.6  124.5  143.8  167.1  227.5  174.1  257.6
Contributions       48.7   54.3   56.9   58.8   55.6   50.7   64.8
Roth conversions     2.8    2.6    2.8    2.2    3.7    6.8   51.2

Note: Table made from line graph.

Figure C
Taxpayers with Individual Retirement Account:
Percentage Taking Advantage of Required
Minimum Distribution Suspension, by Age
Group, Tax Year 2010

70 1/2 under 75   46.11
75 under 80       37.59
80 and over       33.01

Figure D
Percentage of Taxpayers with a Traditional Individual Retirement
Account Choosing To Convert to a Roth IRA, by Size of Adjusted
Gross Income, Tax Years 2009-2010

                             2009    2010

No adjusted gross income     0.65    2.30
$1 under $5,000              0.26    0.28
$5,000 under $10,000         0.57    0.71
$10,000 under $15,000        0.62    0.70
$15,000 under $20,000        0.39    0.95
$20,000 under $25,000        0.86    0.98
$25,000 under $30,000        0.44    0.71
$30,000 under $40,000        0.60    1.10
$40,000 under $50,000        0.79    1.49
$50,000 under $75,000        0.61    1.35
$75,000 under $100,000       1.17    1.82
$100,000 under $200,000      0.57    2.46
$200,000 under $500,000      0.12    4.81
$500,000 under $1,000,000    0.11    7.41
$1,000,000 or more           0.10    10.08

Note: Table made from line graph.

Figure E
Market Value of IRAs, by Size of
Adjusted Gross Income, Tax Year
2010

                                 IRA contributors

                               Number        Percent
                                 of          eligible
                             taxpayers     to make IRA
                                [1]        contribution
     Size of adjusted
       gross income             (1)            (2)

All taxpayers, total         11,540,392         7.9
Taxpayers on returns
    reporting:
  No adjusted gross income      96,041         10.2
  $1 under $10,000             288,913          1.7
  $10,000 under $20,000        465,630          2.3
  $20,000 under $30,000        685,942          4.1
  $30,000 under $40,000        825,027          5.9
  $40,000 under $50,000        922,110          8.1
  $50,000 under $75,000      2,252,168         10.1
  $75,000 under $100,000     1,947,622         12.1
  $100,000 under $200,000    3,095,444         14.7
  $200,000 or more             961,495         16.1

                                IRA contributions

                               Amount      Average
                              ($1,000)       ($1)
     Size of adjusted
       gross income              (3)         (4)

All taxpayers, total         51,210,692      4,438
Taxpayers on returns
    reporting:
  No adjusted gross income      406,395      4,231
  $1 under $10,000              717,096      2,482
  $10,000 under $20,000       1,226,129      2,633
  $20,000 under $30,000       1,859,318      2,711
  $30,000 under $40,000       2,461,419      2,983
  $40,000 under $50,000       2,777,308      3,012
  $50,000 under $75,000       7,684,515      3,412
  $75,000 under $100,000      7,583,757      3,894
  $100,000 under $200,000    15,912,920      5,141
  $200,000 or more           10,581,835     11,006

                               End-of-year fair market value of IRAs

                               Number
                                 of
                              taxpayers        Amount        Average
                                 [2]          ($1,000)        ($1)
     Size of adjusted
       gross income              (5)            (6)            (7)

All taxpayers, total         54,428,898    5,029,473,427      92,404
Taxpayers on returns
    reporting:
  No adjusted gross income      829,255       77,135,522      93,018
  $1 under $10,000            2,456,376      120,111,340      48,898
  $10,000 under $20,000       3,723,744      195,150,132      52,407
  $20,000 under $30,000       3,955,463      233,487,179      59,029
  $30,000 under $40,000       4,021,014      245,152,843      60,968
  $40,000 under $50,000       3,924,013      238,660,236      60,820
  $50,000 under $75,000       9,490,661      704,097,506      74,188
  $75,000 under $100,000      8,191,997      716,447,836      87,457
  $100,000 under $200,000    12,753,063    1,436,580,026     112,646
  $200,000 or more            5,083,312    1,062,650,807     209,047

[1] The number of taxpayers who made an IRA contribution.

[2] The number of taxpayers reporting an end-of-year fair market
value.

Figure F
Taxpayers with Individual Retirement Arrangements, Contribution
Amounts, and End-of-Year Fair Market Value of IRAs, by Age of
Taxpayer, Tax Year 2010

                                IRA contributors

                                           Percent
                                           eligible
                         Number of       to make IRA
                       taxpayers [1]     contribution

  Age of taxpayer           (1)              (2)

All taxpayers, total      11,540,393              7.9
Taxpayers on returns
    reporting:
  No age information           2,990              1.4
  Under 30                 1,266,502              3.6
  30 under 40              2,197,075              7.3
  40 under 50              2,645,298              8.1
  50 under 60              3,361,651             11.2
  60 under 70              1,899,295             13.5
  70 and over                167,582              5.2

                          IRA contributions

                         Amount      Average
                        ($1,000)       ($1)

  Age of taxpayer          (3)         (4)

All taxpayers, total   51,210,690      4,438
Taxpayers on returns
    reporting:
  No age information        5,774      1,931
  Under 30              3,345,857      2,642
  30 under 40           7,211,174      3,282
  40 under 50          11,348,937      4,290
  50 under 60          17,524,437      5,213
  60 under 70          10,725,047      5,647
  70 and over           1,049,464      6,262

                           End-of-year fair market value of IRAs

                         Number of          Amount       Average
                       taxpayers [2]       ($1,000)        ($1)

  Age of taxpayer           (5)              (6)           (7)

All taxpayers, total      54,428,897    5,029,473,427     92,404
Taxpayers on returns
    reporting:
  No age information          33,917        1,612,929     47,555
  Under 30                 2,682,210       23,017,598      8,582
  30 under 40              6,791,427      138,769,333     20,433
  40 under 50             10,494,219      492,351,598     46,916
  50 under 60             13,880,769    1,202,480,867     86,629
  60 under 70             11,686,658    1,827,269,131    156,355
  70 and over              8,859,697    1,343,971,971    151,695

[1] The number of taxpayers who made an IRA contribution.

[2] The number of taxpayers reporting an end-of-year fair market
value.

Figure G
Taxpayers with Individual Retirement Arrangements by Total Amount
of Withdrawals and Size of Adjusted Gross Income, Tax Years 2009-
2010

Amount of IRA withdrawal (in millions of dollars)

Size of adjusted gross income       2010       2009

No adjusted gross income            4.99       4.28
$1 under $5,000                     1.36       1.66
$5,000 under $10,000                2.78       3.55
$10,000 under $15,000               4.15       4.86
$15,000 under $20,000               5.55       5.73
$20,000 under $25,000               5.20       5.67
$25,000 under $30,000               5.60       5.95
$30,000 under $40,000              11.01      11.79
$40,000 under $50,000              11.20      11.77
$50,000 under $75,000              28.53      30.71
$75,000 under $100,000             24.13      33.36
$100,000 under $200,000            44.09      62.04
$200,000 under $500,000            17.76      45.33
$500,000 under $1,000,000           3.77      13.93
$1,000,000 or more                  2.25      18.71

Note: Table made from line graph.
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Article Details
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Author:Bryant, Victoria L.; Gober, Jon
Publication:Statistics of Income. SOI Bulletin
Article Type:Statistical table
Geographic Code:1USA
Date:Sep 22, 2013
Words:11888
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