Life Events: Saving for a Large Purchase

Life happens. Will you be ready?
Throughout your investing life, you're going to experience life events — some planned, some not — that will affect your finances.
We're here to help you prepare for those critical times of financial change.

Saving for a large purchase

Buying a big-ticket item on credit can add up to be significantly more expensive than paying cash. Saving the money beforehand is usually a more efficient strategy.
Keep in mind:
Determine how much money you'll need
Set a savings timeline
Create a schedule that matches your cash flow
Establish a separate savings account

Preferred Rewards

Saving for something special? You may qualify for real benefits and rewards on your Merrill Edge® investment and Bank of America® banking accounts.

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Tips for saving for a large purchase

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Any information presented about tax considerations affecting your financial transactions or arrangements is not intended as tax advice and cannot be relied on to avoid any tax penalties. Neither Merrill Edge® nor its Financial Solutions Advisors provide tax, accounting or legal advice. You should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with your personal professional advisor.

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