IRA contributions for 2011 were nearly 15% higher than contributions for 2007, according to Fidelity. Moreover, investors have consistently preferred Roth IRAs for the last several years. Fidelity, with almost $700 billion in IRA assets under administration, claims the No. 1 spot among IRA providers.

Average IRA contributions for 2011 were $3,930, up from $3,420 four years earlier. Every age group posted increases over 12%, with the largest increases coming from the 40-49 and the 70+ age groups.

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