Average 401(k) Balances Up Nearly 10% in 2023 Bank of America released its Q2 2023 Participant Pulse (PDF), which found average 401(k) balances increased by $7,250 (9.6%) since the end of 2022. The report also found that a growing number of 401(k) participants are initiating withdrawals from their plans. The number of participants taking hardship distributions [...]
Merrill Wealth Management names new presidents Bank of America today announced that Lindsay Hans and Eric Schimpf have been appointed presidents and co-heads of Merrill Wealth Management, reporting to Bank of America Chair and Chief Executive Officer Brian Moynihan. As presidents, Hans and Schimpf will join Bank of America's executive management team and oversee more [...]
VERO BEACH –The following is a piece written by John D. Orcutt Jr., Vero Beach Branch Manager and Senior Vice President/Investments with Stifel, Nicolaus & Company, Incorporated, member SIPC and New York Stock Exchange. "Many Treasure Coast citizens generously support numerous thriving local non-profit organizations that provide social services, health care, cultural activities and environmental [...]