“The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments. The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams. Americans held $19.4 trillion formerly http://www.ici.org/research/stats/retirement/ret_12_q3 in retirement assets as of Sept. 30, 2012, according to the Investment Company Institute, an industry association; about $3.5 trillion of that was in 401(k) plans.”
