Bank of America offers THE BANK OF AMERICA 401(K) PLAN through Merrill Lynch. Their plan covers 249,734 employees.
Updated on Sept 27, 2024
Rolling over your Bank of America 401(k) into an IRA is a great way to keep track of your retirement savings and make sure you’re in control, not your former employer. There are three steps to rolling over a Bank of America 401(k):
If you’re uncomfortable handling the rollover process on your own, Capitalize offers a seamless, online 401(k) rollover service to help you from start to finish.
Our experts can help you easily find and move your 401(k)s into an IRA of your choice. Take control of your retirement.
Withdrawing, or cashing out, your Bank of America 401(k) may provide liquidity, though it can come with significant tax implications and penalties, potentially hampering your retirement savings growth. If you have explored other options, like a 401(k) rollover or loan, and decided to withdraw, the process only involves a few steps: Determine how much of your Bank of America 401(k) you’d like to cash out.
Remember, cashing out should typically be reserved for emergency circumstances. Capitalize can help you roll over your Bank of America 401(k) instead, saving you from tax implications and penalties.
Bank of America offers THE BANK OF AMERICA 401(K) PLAN through Merrill Lynch. Their plan covers 249,734 employees.
We can find your old 401(k)s and move them to an IRA of your choice.