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Average Collected Balance: For business Accounts, the Average Collected Balance is calculated by adding the Collected Balance in the Account for each day of the period (monthly or other applicable period) and dividing that figure by the total number of days in that period.
The median IRA balance is $17,745 for people between ages 40 and 44, while those in their late 40s have a median of $24,264 saved for retirement. The average IRA balance is $49,948 in the early 40s and $68,683 between ages 45 and 49. 50s. Your 50s is a great time to become a super saver. People ages 50 and older become eligible to make catch-up contributions worth an extra $6,000 to 401(k)s and an additional $1,000 to IRAs.