Affluent household confidence levels dropped slightly in October indicating that investors are still nervous about the future. The Spectrem Affluent Investor Confidence Index (SAICI) dropped from -13 to -15. (Affluent investors are defined as those with $500,000 of investable assets). This rating is still in bearish territory based upon the overall Index scoring. Millionaires were similarly doubtful with the Spectrem Millionaire Investor Confidence Index (SMICI) dropping from -5 to -7. While Millionaire households are traditionally more positive than the Affluent, this rating is still in Neutral territory. The Indices have not been in bullish territory since May 2007. Millionaires were Mildly Bullish in October of 2007.

Over the past year, $489 billion was eligible for rollover and $245 billion was actually moved into IRAs.  Spectrem Group estimates that the amounts eligible for and transferred to IRA rollover accounts will increase at 10-12% annually over the next five years.