MutualFundWire.com: Fido IRA Survey
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Tuesday, April 02, 2002

Fido IRA Survey


84% of Americans are unaware that April 15, 2002 is actually the last day contributions can be made to IRAs, at least according to a new survey from Fidelity Investments. Another 76% are unaware that $2,000 is the maximum contribution for the 2001 fiscal year.

"Confusion about the April 15 contribution deadline can lead people not to invest in an IRA, which can put them at risk of not having enough money to live comfortably in retirement," stated Bob Corcoran, vice president of Retirement Services, Fidelity Investments.


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