Merrill Edge
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Merrill Edge, Bank of America's brokerage platform, offers retirement income portfolios specifically designed to provide consistent withdrawals throughout a projected 25-year retirement. These portfolios gradually shift from stocks to bonds and stable value funds as you progress through retirement, reducing volatility and protecting you from taking losses right when you need the money most. If you're already a Bank of America customer, you can link your brokerage and banking accounts within the same online interface for convenient account management.
Seniors drawn to Merrill Edge typically want a defined income strategy rather than picking their own allocation. The 25-year glide path and focus on steady withdrawals appeal to those at or near retirement who want clarity on how to convert accumulated savings into reliable retirement paychecks without the burden of continuous portfolio tinkering.