An Inside Look at the Bidens' Retirement Savings Accounts

He was the Benjamin Franklin Presidential Practice Professor at the University of Pennsylvania from February 2017 until January of his year, when he became president.

He has:

• An individual retirement account, which holds a U.S. brokerage account with a value of $15,001 to $50,000.
• A University of Pennsylvania defined contribution plan account, which holds about $15,001 to $50,000 in assets inside a TIAA-CREF Lifecycle Index 2010 Fund.

His wife has:

• Defined benefit pension plans associated with her teaching career in Delaware and Virginia.
• Defined contribution plan accounts, in the form of 457 plan accounts and 401(a) plan accounts, associated with her teaching career. The defined contribution plan accounts hold $16,002 to $65,000 in a Target Date 2025 Portfolio.

The Bidens also list a variable annuity from Security Benefit, which holds somewhere between $53,011 and $165,000 in assets, and six whole life policies from Massachusetts Mutual Life Insurance Co. The six MassMutual policies have a total value of $6,006 to $300,000.

Joe Biden borrowed somewhere between $15,001 and $50,000 from the whole life policies in 1983. The loans carry an interest rate of between 5% and 8%.

President Joe Biden (Photo: Chris Kleponis/CNP/Bloomberg)