Analysis of the non-partisan Employee Benefit Research Institute's IRA database shows that almost 60 percent of account holders had their savings in "extreme" investment allocations in 2012.

In being designated extreme, investors had either less than 10 percent of assets allocated in one class, or more than 90 percent in one asset class.

About 24 percent of IRA owners have less than 10 percent in equities.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.