The Head of Retirement and Services at BofA Merrill Lynch Offers Views on Retirement Planning Reform

Andy Sieg is the head of Retirement Planning and Services for Bank of America Merrill Lynch.

Sieg provides his views on retirement planning reform in a recent op-ed piece in Investment Advisor.

Among Sieg's points are:

  • Support of the steps recently outlined by the Obama Administration to ancourage and support adequate financial planning for retirement.
  • Specifically, support of incentives such as automatic enrollment for employer-sponsored savings options such as 401ks and IRAs.
  • Support of initiatives that are focused on increasing financial awareness and literacy.
  • Related to the above, support for broader access to financial information and educational tools.
  • A belief that personalized, professional advice should serve as the foundation for sound retirement planning.

Source: Investment Advisor

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