Individual retirement account allocations tend to vary by age and account balance, but not much by gender, according to a new study.

The report, by the Employee Benefit Research Institute, found that those IRA owners who are older, have higher account balances, or own a traditional IRA that originated as a rollover had, on average, lower allocations to equities. As account balances increased, the percentages of assets in equities such as direct ownership and mutual funds, and balanced funds including target-date funds, combined decreased, while bond (i.e., direct ownership, mutual funds, etc.) and “other” (i.e., real estate, annuities, etc.) assets’ shares increased.

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