Savings IRAs from Bank of America and Investment IRAs from Merrill Edge® are available in both Traditional and Roth.
Additionally, does Bank of America have a 401k plan?
Financial wellness
We offer eligible U.S. employees up to 5% of eligible pay in 401(k) company-matching contributions, plus 2% or 3% in annual contributions (based on years of service).
Furthermore, what are the best retirement plans? The 9 best retirement plans
- Defined contribution plans.
- IRA plans.
- Solo 401(k) plan.
- Traditional pensions.
- Guaranteed income annuities (GIAs)
- The Federal Thrift Savings Plan.
- Cash-balance plans.
- Cash-value life insurance plan.
Besides, does Bank of America have a mandatory retirement age?
U.S. Bank retirement policy requires all directors to retire at the age of 72. Wells Fargo and Bank of America have an interesting twist to their retirement policies.