IRA Balances Up 36 Percent, EBRI Finds

IRA Balances Up 36 Percent, EBRI Finds

Overall average IRA balances went up 36 percent from 2010 to 2015 and accounts of those who consistently owned IRAs increased even more at 47 percent, finds newly released research from the Employee Benefit Research Institute

The study also finds data of the withdrawal rates for those ages 70 or older shows that most consistent account owners are withdrawing at a rate that will likely be able to sustain some post-retirement income. Asset allocation among consistent account holders moved toward high equity holdings from 2010-2015, despite a drop in 2015. People who changed their IRA types during 2010-2015 were more likely to not be at an extreme allocation in both 2010 and 2015 and to have larger changes in equity allocations from 2010 to 2015.

Hillary Clinton Kept Senior Adviser Accused of Sexual Harassment on 2008 Campaign

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