You've spent years building your wealth. Retirement is the time to enjoy it. The key is to have the right strategy for drawing the income you'll need from your portfolio. It may be a matter of combining dividends and interest earned from investments with income from pensions and other sources, determining whether you will need to make adjustments to your lifestyle, understanding potential changes in your tax status, and meeting minimum required distribution requirements. Your retirement strategy should include built-in raises for the cost of living. And it must be flexible to help you deal with any unexpected occurrences down the road.
Coming up with the right strategy for you is a complex process, but it doesn’t have to be difficult. A Merrill Lynch Financial Advisor can introduce you to our Merrill Lynch Retirement Income Service®, to help you with both your long-term retirement objectives and short-term cash flow needs. This service, available to certain customers, offers personalized investment and portfolio management guidance, income planning, cash management and progress monitoring.
Having a plan designed to help provide consistent, efficient income in retirement is a major part of the story. The Merrill Lynch Retirement Income Service® includes the new My Retirement Income™ solution. Your Financial Advisor will help you set up a Merrill Lynch investment account to hold dividends, interest income, pension payouts, Social Security and other assets. Together, you’ll schedule periodic transfers directly into a Bank of America checking account to cover your day-to-day cash management needs — while helping to ensure you maintain sustainable income throughout retirement.
A Merrill Lynch Financial Advisor can help you navigate the various investment options and opportunities as well as help you update your strategies over time to help meet your goal for a consistent income plan in retirement.
