citizens born after the end of World War II. Boomers, defined by the U.S. Census Bureau as people born in the 18 years beginning in mid 1946, embraced tax-deferred retirement accounts and made them a widespread savings tool in the 1980s and 1990s. The plans largely replaced traditional pensions, and helped create a multi-trillion-dollar industry supporting hundreds of investment firms and financial planners. Contributions to tax-deferred retirement plans outnumbered withdrawals through much of the 1990s and 2000s. That flow began to reverse as boomers entered their retirement years earlier this decade. Investors pulled a net $9 billion from workplace retirement-savings plans in 2013, according to the Labor Department. In 2014 the withdrawals jumped to net $24.9 billion. Full-year information for http://news.sky.com/story/nationwide-eyes-sale-of-16327bn-commercial-property-arm-10727602 2015 from the Labor Department isnt yet available, but large mutual-fund companies that manage the bulk of U.S.
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