Study by EBRI Found IRA Balances Grew 22 Percent Plus from 2013 Through 2017

On September 17, 2020 the Employee Benefit Research Institute (EBRI) released their research findings surrounding the growth in IRA balances from 2013 through 2017.

Here are some of the EBRI findings:

  • The average individual retirement account (IRA) balance increased from
    $93,441 in 2013 to $114,383 in 2017, an increase of 22.4 percent.
  • The average contribution to a Traditional or Roth IRA slightly increased from $3,880 in 2013 to $3,913 in 2017.
  • EBRI also found that 24.4 percent of IRAs had less than 10 percent in equities, representing so-called “extreme allocations.”
  • 16.4 percent of IRAs had more than 90 percent of their assets in bonds and money.
  • Assets from rollovers to IRAs in 2017 greatly outpaced total contributions, regardless of the source.

On a side note, those retirement account investors looking to diversify outside equities and bonds and into alternative investments like real estate, private placements, metals, cryptocurrency, tax liens, trust deeds, etc., may want to explore both the IRA LLC and the solo 401k plan.

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About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

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