Advice Access

Take the guesswork out of your

retirement planning decisions

Your 401(k) plan is a great way to prepare for your financial future. But many people need help making investment
decisions. That’s why your company offers Advice Access. It provides specific, personalized recommendations to help
you develop a strategy that’s right for you, as you pursue financial wellness.

Customized investment advice for you

Get started today
If you’re trying to prepare for a comfortable retirement, you’ve probably asked
yourself the following questions:
in four simple steps
• How much retirement income will I need? This guide will walk you through it.
• How much should I contribute to my 401(k) plan?
• How should I invest my money?
1  eview your recommendations —
R
which you can do online in one
• Am I on track with my goals? convenient location, all on a single
web page.
Advice Access has answers to these questions — specific answers — tailored to
your personal financial situation. 2  dd more personal information
A
for more precisely targeted
With Advice Access, you don’t have to spend the time — or need the investment
recommendations.
knowledge — to decide how much to contribute to your plan, or to choose your
investment options. Advice Access can do all of this for you. 3 Choose your level of service.

4  isit Benefits OnLine® at

V
www.benefits.ml.com or
call your plan’s toll-free number
See how it works
go.ml.com/jujv to sign up.

Watch a brief video and find out how Advice Access can help you develop your
personalized retirement plan.

Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated
(MLPF&S) and other affiliates of Bank of America Corporation (BofA Corp.). MLPF&S is a registered broker-dealer,
member SIPC and a wholly owned subsidiary of BofA Corp.
Investment products:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
2

Merrill Lynch suggests that you may need 90% of your annual pre-retirement
after-tax income (adjusted for inflation) for every year after you retire.
Advice Access can help you work toward your goals.

Step 1: Review your recommendations

Get your retirement
Advice Access will tell you how much income you may need
in retirement, and recommend a new investment strategy
income projection
to help put you on track. You can review your Advice Access See if you’re on track with your goal — as soon as you
recommendations on Benefits OnLine at www.benefits.ml.com. log in! On the My Accounts page, under the Retirement
You’ll find out: Income tab, you’ll see:
• How much to contribute to your 401(k) plan • Your retirement income goal
• How to divide your assets among stocks, bonds • Your projected retirement income based on your current
and cash equivalents investment strategy
• Which investment options to select If there is a “shortfall,” Advice Access can help you close John Doe | Profile & Settings | Log Out

• The age at which you could reasonably expect to retire the gap. Your last login: Day, Month XX, 20XX at X:XX PM ET

My Accounts Education & Planning

• Whether to make pre-tax or Roth 401(k) contributions Hello, John

(if your plan offers Roth)

Retirement Income My Education

• How to develop a strategy for withdrawing your XX%

Your Retirement Income Projection
retirement assets
i - How these results were calculated Model your Retirement OF YOUR INCOME
GOAL
Monthly Yearly

If you need assistance, or if you don’t have access to a

YOU ARE HERE
$X,XXX/mo
Goal of $X,XXX i
Retirement
computer, you can always call the Retirement & Benefits
Income of $X,XXX i
income
Gap of $X,XXX i

Contact Center at 800.228.4015. $X $X,XXX $X,XXX $X,XXX $X,XXX $X,XXX $X,XXX

Advice Access: Need help planning? IMPORTANT: The projections or other information shown in the Advice
Access service regarding the likelihood of various investment outcomes are
Advice Access provides personalized contribution and investment Enroll Now
hypothetical in nature, do not reflect actual investment results and are not
recommendations, at no additional cost. Get on track with your
retirement income goal. guarantees of future results. Results may vary with each use and over time.

The screen shots shown are intended to illustrate the functionality

and services available to participants on Benefits OnLine. They
My Accounts My To-Do List

are not meant as exact representations of the screens available

Enroll in your retirement plan
Employer Sponsored Plans

Enroll in your Plan

through your plan.
ABC Company 401(k) Plan
Hide Quick View
I want to
$XX,XXX.XX
ABC RETIREMENT & SAVINGS
PLAN
Vested Account Balance $XX,XXX.XX
It’s never too early to too late to start
YTD Performace X.XX% contributing towards your future.
Enroll now to help put yourself on the
YTD Contributions $X.XX
path to the future you envision.

Total Market Value*: $XX,XXX.XX Enroll Now

Take advantage of direct debit & deposit

Update your beneficiary

Activity Center

1
HOME FINANCE

Purchasing a home? Get the Pay down debt or save?

Account
tips to make smart decisions Answering five key questions Alerts Messages
History
before and aer you buy. may help you allocate your funds.

Statements Document
Library
 3

Step 2: Add more information

The initial Advice Access recommendations are based on Get more precise recommendations
information that Merrill Lynch has on file for your 401(k) To get the most out of the service, consider putting more into
account, including your: it. If you provide more details about your personal situation and
• Age and gender finances, you can get recommendations that are even more
customized. For example:
• Current salary
• Do you have a spouse or partner?
• Current 401(k) account balance and contribution rate
(if you’re already in the plan) • Do you have money in another retirement plan?

They also reflect assumptions about your retirement age and • Do you have other investments? Savings accounts? IRAs?
the amount of income you may need in retirement to maintain • What about potential expenses, such as college education
your standard of living. or elder care?
And if your circumstances change — if you have a child, get
married or divorced, or experience a significant change in your
finances — be sure to update your information to keep your
advice current.
Any information you share is confidential, and will not be shared
with anyone, including Merrill Lynch affiliates or your employer.

How much investment risk

are you comfortable with?
All investments are subject to risk — the chance
that you could lose some or all of the money you
invested. How much risk are you comfortable with
when pursuing your goals?
Through Advice Access, you have the option to
complete a brief Risk Tolerance Questionnaire
to help you gauge your comfort level with risk.
Advice Access will consider your responses, along
with the rest of your personal information, when
recommending an investment strategy.
4

Step 3: Choose your level of service

How involved do you want to be with your investment decisions? Do you want your account managed for you to help you stay on
track over time? Or do you want to manage it yourself and make changes when you want? You have three options.
PersonalManager® — Full-service account management Portfolio Rebalancing — Maintain your investment mix
With the PersonalManager® service, you can save time and As an alternative to PersonalManager, you can choose Portfolio
effort. Your account is monitored and adjusted on a regular Rebalancing. It implements the recommendations (or your own
basis to help keep you on track with your retirement goals. investment strategy, if you choose) and then maintains that
When you sign up for Advice Access, the service will adjust investment mix until you change it.
your contribution rate and investments (upon your approval) However, unlike PersonalManager, this service does not make
to match the proposed strategy. But PersonalManager also adjustments to your investment strategy on an ongoing basis
does more. to help you stay on track.
• PersonalManager reviews your account approximately One-time Implementation — We’ll get you started
every 90 days. This option implements the initial recommendations, but does
• Based on any updates made to your personal information, the not provide ongoing rebalancing or investment updates. You’d
service will review your account and make changes as needed. need to make any account changes yourself.
• If no changes are needed, PersonalManager will rebalance
your account to maintain the recommended investment mix.

Which option may be right for you?

One-Time
PersonalManager Portfolio Rebalancing
Implementation
Forecasts the likelihood of meeting
X X X
your retirement needs
Recommends a contribution rate and
X X X
individual funds

Offers defined asset allocation X X X

Offers automatic rebalancing X X

Adjusts asset allocation over time X

Offers ongoing account management and review X

Reflects your personal financial circumstances,

X X X
including salary, outside investments, etc.
 5

Step 4: Get started today

You have two ways to enroll in Advice Access. Choose the one that works better for you. Whether you sign up online or over the phone,
you will receive the same Advice Access recommendations.

Benefits OnLine® Retirement & Benefits Contact Center

www.benefits.ml.com 800.228.4015
• Click “Enroll Now” under the Retirement Income Projection Participant service representatives are ready to help you
graph on the My Accounts page. implement your Advice Access recommendations, and will
• Review your Advice Access recommendations. send you all the information generated by the service at
the end of the call.
• Add personal information to customize your
recommendations further.
The website is easy to use, and takes you through the Advice
Access process step by step.

You need to take

action to get started
Your Advice Access recommendations are
ready for you right now. But in order for Advice
Access to take effect, you need to accept the
recommendations and enroll in the service.
Otherwise, your account will not change.
6

Frequently asked questions

Advice Access can answer many of your questions about retirement planning. Here are answers to a few questions you may
have about Advice Access itself.

How long does it take to sign up for Advice Access? Will Advice Access recommend that I save outside
of my 401(k) plan?
That depends. If you don’t provide any additional information,
it may take only a few minutes. If you enter a lot of personal Possibly. If your recommendations include “Taxable Savings
information, it would take longer. But a small investment in time Outside the Plan,” this is the amount Advice Access recommends
now could equal a large investment in your financial future. you save in a taxable account outside your 401(k) plan to have a
better chance of meeting your goal. An example might be money
Will it tell me exactly what investments to choose? that you can put into a savings account each month.
Yes. Advice Access will recommend specific investment options
How do I know if I’m on track?
from your plan’s investment menu, and what percentage of your
account to invest in each one. And if you use PersonalManager, Advice Access will tell you. On Benefits OnLine, you’ll find out
it will update these recommendations automatically every 90 your estimated progress to your retirement goal. In fact, your
days and make changes as needed. retirement income projection is on the My Accounts page.
Similar information is available on your quarterly account
Can I choose my own contribution rate? statements.
Yes. Advice Access will recommend a contribution rate to help
you stay on track with your retirement goals. However, the Will Advice Access recommend company stock?
service is designed to be flexible. If the recommended rate is No. Because individual stocks are generally assumed to be more
more than you can afford right now, you can always choose risky than more diversified investments, Advice Access will not
a different rate. Then, if you feel you can afford to contribute recommend company stock for your account. If your plan offers
more at a later time, you can always increase it. company stock, you have several options. Please visit Benefits
If you contribute less than the recommended amount, OnLine or call the Retirement & Benefits Contact Center at
Advice Access may alter its recommendations or propose 800.228.4015 for more information.
a later retirement age.
Will Advice Access consider my risk tolerance?
Is my personal information secure? That depends. Generally, Advice Access is a goal-based service.
Yes. Advice Access uses your information only to provide you However, if you answer the questions in the Risk Tolerance
with investment recommendations tailored to your individual Questionnaire, which you can do when you provide Advice Access
situation. This data is not made available to your employer. with more personal information, those answers will be taken into
We believe that privacy is of the utmost importance and take consideration when developing your recommendations.
all necessary measures to protect your personal information,
including the use of leading security and encryption methods.
 7

How should I withdraw my

retirement assets? Advice Access
Withdrawing your retirement assets My Profile Help

You work for years trying to accumulate enough assets for The graph below projects how much income you may have available for retirement, provides
details on the sources of that income, and offers a strategy for withdrawing your assets.

retirement, but then what do you do when you get there? Proposed Potential Retirement Income: $58,500 Accumulation Draw Down

Advice Access can help with this, too. Draw Down

Draw Down
If you are retired or within ten years of retirement, you
Total Account Income
Social Security
Pension
Spouse’s Social Security

will see a graph on Benefits OnLine showing the sources 150k

of income you can expect in retirement, such as your 100k

retirement plan account income or Social Security.

50k

Advice Access recommends one possible strategy for

these assets: how much after-tax income may be available 0k 67 72 77 82 87
Age

65 70 75 80 85

from each source annually in retirement, based on your 2025 2030 2035 2040 2045
Spouse’s Age

Year

expected retirement date and projected life expectancy. The proposed withdrawal strategy is based on the information entered into Adivce Access. It may not reflect all aspects of your personal situation, such as plan/account rules,
outside account holdings, investment liquidity and tax consequences. It is not meant to replace the advice of a qualified estate planner/tax advisor. Please review the
proposed strategy and decide if it is appropriate for you. Also, if a pension plan is included in thw withdrawal strategy, you should verify the payment options with your plan
administrator and decide which option is best suited for you.

Pre-tax or Roth 401(k)?

If your plan offers a Roth 401(k) contribution option, Advice
Access can help you decide what type(s) of contributions to make.
Based on information that Advice Access has on file, as well as
any additional personal information you provide, you’ll find out how
much to contribute — and whether to contribute pre-tax or Roth.

It’s there when you need it

You are under no obligation to implement the
Advice Access recommendations. If you decide
not to use the service at this time, you can go
back for new recommendations at any time in
the future. You may also cancel the service or
change your service level selection at any time.
 Online resources
for you
Take advantage of these online
resources from Merrill Lynch to help
with your retirement planning.

Benefits OnLine®
Education Center
Make smart, informed financial
decisions with the help of articles,
videos, calculators and planning tools.
www.education.ml.com

Personal Financial Journey

Use this interactive tool for help
getting — and staying — on track with
your financial goals.
go.ml.com/pfjtool

Financial wellness
The Quarterly Spotlight can help you
build a firmer financial foundation.
go.ml.com/advqs

The Advice Access service uses a probabilistic approach to determine the likelihood that you may be able to achieve your stated goal and/or to
identify a potential wealth outcome that could be realized. Additionally, the recommendations provided by Advice Access may include a higher level
of investment risk than you may be personally comfortable with. You are strongly advised to consider your personal goals, overall risk tolerance, and
retirement horizon before accepting any recommendations made by Advice Access. You should carefully review the explanation of the methodology
used, including key assumptions and limitations, which is provided in the Advice Access disclosure statement. It can be obtained through Benefits
OnLine or through a participant service representative.
IMPORTANT: The projections or other information shown in the Advice Access service regarding the likelihood of various investment outcomes are
hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
Investing in the plan involves risk, including the possible loss of the principal value invested.
Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal
and/or tax advisors before making any financial decisions.

Unless otherwise noted, all trademarks and registered trademarks are the property of Bank of America Corporation.
© 2018 Bank of America Corporation. All rights reserved. | AR789V5F | 00-63-0544B | 20181387-1 | 03/2018 | ADA