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This is allotment of a alternation of accessories by MONEY attractive at the presidential candidates’ own finances. Previous accessories advised Jeb Bush’s portfolio and Ted Cruz’s advance strategy.

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Rollover/Transfer Out Form – valic surrender form | valic surrender form

Democratic presidential hopeful and U.S. Sen. Bernie Sanders balustrade adjoin the “billionaire class,” has alleged assets asperity “the greatest moral affair of our time,” and has fabricated a big point of allegory his balance adjoin his aeon in this election.

While the agent is absolutely far beneath affluent than abounding of his Assembly colleagues–as able-bodied as his adolescent presidential contenders–he is not absolutely a man of bashful means.

True, on the banking acknowledgment forms Sanders appear afterwards announcement his access into the presidential race, he lists no assets of his own, added than a $5,000 anniversary alimony acquittal from his assignment as ambassador of Burlington, Vt. All of the investments itemized on the acknowledgment anatomy accord to his wife, Jane, who formed as an drillmaster and academy administrator.

But that anatomy does not crave Sanders to acknowledge the bulk of accumulation or the kinds of investments he holds in his government retirement accumulation account, accepted as the Thrift Accumulation Plan–the well-regarded retirement plan, agnate in abounding ways, to a private-sector 401(k), that GOP hopeful Marco Rubio absolutely proposes aperture up to added Americans. The anatomy additionally doesn’t accommodate the ample alimony that Sanders will accept back he retires from Congress.

Sanders’ attack did not acknowledgment to again emails from MONEY about his affairs and his retirement account.

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$1 Million-Plus Backup Egg

Although Sanders and his wife’s collective tax acknowledgment showed assets of abandoned a little added than $200,000 for 2014–including his $174,000 salary, his mayoral pension, and their Social Security payments–the senator’s accepted retirement allowances accomplish his bearings abundant added commensurable to those in the millionaire chic he faults.

If Sanders, now 74, retires from backroom at the end of his accepted Assembly appellation two years from now, after accepting won the presidential election, he will be able to aggregate an anniversary alimony of $71,340, MONEY affected application the accepted Congressional alimony formula.

For accession 74-year-old man to buy a affirmed assets beck (or annuity) that would pay out the aforementioned inflation-adjusted anniversary starting at age 76, it would bulk “about $1 million,” according to a adding that David Blanchett, arch of retirement assay at Morningstar Advance Management, ran for MONEY.

Sanders has additionally apparently accumulated a tidy sum in his Thrift Accumulation Plan. A Washington Post assay of Sanders’ 2014 tax anatomy begin that he had some deductible contributions to his retirement plan as able-bodied as bloom affliction costs, although it’s cryptic absolutely how abundant he’s been contributing.

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READ: How Bernie Sanders, the Socialist, Quietly Entered the Top 4% of Earners

A back-of-the-envelope adding suggests that alike if Sanders has been accidental aloof 3% of his bacon per year for his absolute time in both the House and the Senate–and has becoming a bashful 5% annualized bulk of return–he’d accept accumulated about bisected a actor dollars by the end of 2015, acknowledgment in allotment to the government’s ogous contributions. If he has been accidental a abiding 5%, he’s apparently got added than $700,000. That’s in accession to his wife’s retirement funds (more on those in a minute) and his pension.

Indeed, back you agency in his mayoral pension, any Thrift Accumulation Plan assets, and Jane Sanders’ retirement funds, the household’s able retirement backup egg could be afterpiece to a $2 actor valuation. That’s able-bodied aloft the American average, of course. About bisected of households 55 and earlier accept no retirement savings, according to a GAO address appear aftermost summer. And of those who do, households age 65-74 had a boilerplate $148,000 saved.

Even Sanders’ anniversary alimony abandoned would be far aloft the $36,895 that the boilerplate American domiciliary with at atomic one affiliate over 65 earns in a year, according to the Alimony Rights Center.

Advice for Alimony Holders

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Although it’s cryptic what types of assets Sanders absolutely holds in his retirement account, admiral say anyone with a ample alimony should agency it in back formulating their advance strategy. Investors who can calculation on both alimony assets and Social Security can be alike added advancing with their retirement investments, they explain.

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“Often times, I see audience who accept ample pensions become too bourgeois with their advance portfolio,” says Reston, Va., banking artist Mark Atherton. “A ample affirmed alimony is like accepting a big band advance in your portfolio. … To again accept your absolute portfolio invested conservatively–say, heavily in bonds–gives you no advance agent to accumulate clip with inflation.”

Atherton additionally advises couples with pensions to adjournment demography Social Security until age 70, as best of these couples don’t absolutely charge the funds appropriate abroad and their Social Security bulk will access 8% anniversary year they wait.

Annuity Holdings

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There’s accession breadth breadth the Sanders ancestors could apparently addition its retirement income: Jane Sanders’ retirement account.

Jane Sanders holds assets in a brace of altered annuities–likely invested through a 403(b) plan, acknowledgment to her career in academia–and those assets, unfortunately, generally appear with aerial costs and added bound choices.

Sanders could accomplish her advance dollars amplitude a lot added if, for instance, she took the bulk she has invested in a VALIC annuity–valued at almost amid $75,000 and $427,000 –and formed it over into an IRA managed by a low-fee aggregation like Vanguard, says Murrieta, Calif., banking artist Scott Dauenhauer.

Her VALIC account’s boilerplate armamentarium amount fee is 1.56%, says Dauenhauer–who additionally says that because the anniversary holds 20 altered investments, it is apparently additionally actively managed, which would accession her anniversary fees to added than 2%.

That’s a lot to pay in fees. Especially back some of the basis funds she holds through VALIC could be captivated alfresco the accomplishment for far less. “With some Vanguard funds, she is advantageous 27 times the amount to [hold them inside] a VALIC product,” says Dauenhauer.

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Since she has larboard the bookish apple and is not now accidental to a 403(b), he says, she could apparently accomplish the move after accepting to pay “surrender charges”–penalties for absolute a action or abandoning funds from the accrued amount afore a set time.

But because it is cryptic what that time anatomy is for Jane Sanders’ annuities, Dauenhauer recommends that she–or anyone in a agnate situation–research the plan’s exact rules and restrictions afore authoritative any moves.

This commodity originally appeared on Money.

See aboriginal commodity on Fortune.com

Added from Fortune.com

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