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Keep your retirement savings on track

Use these financial tips from Merrill women leaders to help you plan ahead for a more comfortable, secure retirement


WOMEN’S LONGEVITY IS A GIFT, but it comes with a string attached: the importance of preparing financially for those extra years. “We tend to prioritize our families’ financial needs,” says Marci McGregor, head of portfolio strategy, Chief Investment Office, Merrill and Bank of America Private Bank. “In the process, we can sometimes lose sight of our own financial future, and with our greater longevity compared with men, that can put us at risk of outliving our assets,” she adds. “In fact, many women’s biggest financial regret is not investing more.”


If you feel like progress toward your retirement savings goals has slowed, the tips below from McGregor and several other Merrill women senior leaders can help you get back on track.


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Q: What strategies can women use to save for retirement, especially if they’ve taken time out of the workforce to care for family?

Q: How can women investors balance the need for growth and income in retirement?

Q: What should women consider as they begin to withdraw their assets in retirement?

Q: Are there any solutions that can help to create a retirement income stream?

Q: What is the best age for women to claim Social Security?

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Important Disclosures

Opinions are as of 11/13/2023 and are subject to change.


Investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results. Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.


This information should not be construed as investment advice and is subject to change. It is provided for informational purposes only and is not intended to be either a specific offer by Bank of America, Merrill or any affiliate to sell or provide, or a specific invitation for a consumer to apply for, any particular retail financial product or service that may be available.


The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).


Investments have varying degrees of risk. Some of the risks involved with equity securities include the possibility that the value of the stocks may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the U.S. or abroad. 


Annuities are long-term investments designed to help meet retirement needs. They are a contractual agreement where a client makes payments to an insurance company, which, in turn, agrees to pay out an income stream or a lump sum amount at a later date. There are contract limitations, fees and charges associated with annuities which include, but are not limited to mortality and expense risk charges, sales and surrender charges, administrative fees, charges for any optional benefits, and charges for the underlying investment options in variable annuities. In addition, variable annuity contract values will fluctuate and are subject to market risk including the possible loss of principal. Early withdrawals may be subject to surrender charges, and taxed as ordinary income, and in addition, if taken prior to age 59½ an additional 10% federal tax may apply.


All annuity contract and rider guarantees, including optional benefits and any fixed crediting rates or annuity payout rates, are backed by the claims-paying ability of the issuing insurance company. They are not backed by Merrill or its affiliates, nor does Merrill or its affiliates make any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

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