Life Events: Job Loss

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.

Job loss

While it may be tempting to reach for retirement assets after losing a job, look for other sources that won't have an impact on your long-term plans.
Keep in mind:
Think about tapping savings accounts or money market funds — they may be simplest to liquidate
Consider accessing the equity in your home through a home equity loan or line of credit
Start with Roth contributions if you must tap your retirement assets

Preferred Rewards

Enjoy real benefits and rewards on your Merrill Edge® investing and Bank of America® banking accounts. And as your balances grow, so do your benefits.

I lost my job.
How can I stay on
track financially?

Considering an early
retirement plan withdrawal?

It's important to understand the possible effects on your retirement account and finances.

Managing retirement assets
in the event of a layoff

Learn about ways to make ends meet while you're unemployed, without dipping into retirement savings.
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