Sunday , April 21 2019
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Those Who’ve Maintained 401(k)s Since 2007 Have Done Well

Good retirement signs for those committed to IRAs

For all the consternation about whether Americans are preparing enough for their retirement, it’s nice to get some good news on that front.

Studies from the Employee Benefit Research Institute show that when people are committed, the average balance has increased significantly between 2012 and 2013, the latest year numbers are available.

In addition, owners of IRAs increased their allocations to stock equities in 2013.

Both moves will help Baby Boomers and other Americans pursuing those strategies to be a much better position than others of their generation.

What the numbers show is the average account balance grew by 10.9 percent between 2007 and 2012.

In looking at sampling of 4.2 million accounts of people who consistently continued their accounts, that’s an average of $148,399 at the end of 2013, up from $79,882 in 2007.

The study found that two in five participants had more than $100,000 in their accounts with their current employers and about 25 percent had more than $200,000. Americans love their 401(k) plans.

When the group looked at the broader at its databased of 26.4 million accounts that includes people who hadn’t been consistent, the average balance between 2007 and 2013 rose from $65,454 to $72,383. Overall, only one in five savers had accounts of $100,000 or more and one in 10 had savings of $200,000 or more in that scenario.

A lot of that average is buoyed by the best savers.

When looking at the numbers on a median account balance, those who participated consistently had an average growth rate of 15.8 percent and balance of $75,359 by the end of 2013. That’s four times the median account balance of $18,433 for the entire database.

What the study shows is that two thirds of 401(k) participants who are consistent in saving focus their assets in equities. That includes equity funds, non-target date balanced funds or company stocks. That percentage holds up to the whole group.

“This shows the value of continuing to participate in 401(k) plans,” says Jack VanDerhei, co-author of the study. “If they are participating in a 401(k) plan and continue to do so, my simulation models show they have a much better chance of having sufficient retirement income.”

On the IRA front, the non-partisan research group says gains are tied to that nearly half of those accounts have “extreme” value and buoyed by the jump in the stock market.

It tracked 26 million IRA accounts between 2010 and 2013, the latest year available. More than 50 percent of IRA assets were allocated to equities.

Roth IRAs had the highest allocation to stocks compared to traditional IRAs, says study author Craig Copland.

What the numbers showed is older participants with traditional IRAS had lower allocations with equities.

Overall, 54.7 percent of the assets were in equities, 10.1 percent were in balanced funds, 15.3 percent were in bonds, 11.6 percent were in money and 8.4 percent were in other assets. The total equity exposure was 60.7 percent.

Copeland say the allocations of men and women were about equal allocations for bonds, equities and money. Differences showed up with men more likely to be more diversified while women had a bigger percentage in balanced funds.

As for age, the percentage allocated to bonds rose with it while the amount for equities decreased. The amount allocated for balanced funds decreased with age.

In 2013, the percentage increased to equities rose 5 percentage points to 51 percent. The percentage allocated to bonds dropped 4 percentage points to 12.4 percent in 2013. The amount allocated to money dropped by 1.6 percentage points and the amount for balanced funds remained the same.

Overall, 22.8 percent of IRAs have less than10 percent in equities and 34.0 percent have more than 90 percent in equities, Copeland says.

Furthermore, almost 1 in 5 IRAs (18.9 percent) had more than 90

percent of their assets in bonds and money.

IRAs make up about 25 percent of retirement savings.


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    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the captial of Israel. Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible.

    The Jewish people deny Jesus as their Messiah and have stated that their Messiah has been identified and is waiting to be revealed. They say this man will rule the world under a one world religion called “spiritualism”.

    They even printed a coin to raise money for the Temple with Donald Trumps face on the front and with king Cyrus'(who built the second Temple) behind him. On the back of the coin is an image of the third Temple.

    The Bible says this false Messiah who seats himself in the Third Temple will be thee antichrist that will bring about the Great Tribulation, though the Jewish people believe he will bring about world peace. It will be a false peace for a period of time. You can watch interviews of Jewish Rabbi’s in Israel speaking of these things. They have their plans set in place. It is only years away!

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them. This chip matches perfectly with the Mark of the Beast in the Bible, more specifically Revelation 13:16-18:

    He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

    Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards. Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency. RFID microchip implant technology will be the future of a one world cashless society containing digital currency. It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it! We must grow strong in Jesus. AT ALL COSTS, DO NOT TAKE IT!

    Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation. He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name.” (Revelation 14:9-11).

    People have been saying the end is coming for many years, but we need two key things. One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast.


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