Pay yourself in retirement
For many, a steady paycheck has been a necessary part of their financial lives. That doesn’t have to end when retirement begins. Your advisor can help you plan for a regular income stream so you can enjoy this next chapter.
Work with your advisor to plan for your “retirement paycheck”
Ways to help manage your finances with guidance from your advisor
Tax-related strategies
Mitigate market fluctuations
Plus, leverage Bank of America banking solutions
View your accounts in one place online
Make easy transfers
Use the Spending & Budgeting Tool
Finding the right balance2
Jane and John talked to their Merrill advisor about setting up an income stream for their retirement. Together, they evaluated their spending needs, their income sources and helped close the gap so they could retire the way they want comfortably.
Ready to get started?
Connect with your advisor to continue the conversation.
FAQs
1. Annuities are long-term investments designed to help meet retirement needs. An annuity is 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. Annuities typically offer (1) tax-deferred treatment of earnings; (2) a death benefit; and (3) annuity payout options that can provide guaranteed income for life. In addition, variable annuities are subject to market risk, including possible loss of principal. The fees and charges associated with annuities may include, but are not limited to, mortality and expense risk charges, administrative and distribution fees, as well as charges for the underlying investment options for variable annuities and optional benefits. 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. Withdrawals reduce annuity contract benefits, values and optional guarantees in an amount that may be more than the actual withdrawal. Indexed annuities are not a direct investment in the stock market. All annuity contract or rider guarantees, including 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.
2. The information presented reflects a hypothetical client scenario and is for illustrative purposes only. These products and services may not be appropriate for all clients, each of your client’s needs, circumstances and financial status are different and should be evaluated independently.
3. Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, Bank of America Advantage SafeBalance Banking™, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.
