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TMFBro (< 20)

Should you take Bank of America's advice?

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January 15, 2010 – Comments (0) | RELATED TICKERS: BAC , JPM , C

A recent Bank of America survey finds that 53% of wealthy Americans (those with investable assets of $250,000 or more) are worried about outliving their money, according to a Bloomberg article.

Sallie Krawcheck, president of global wealth and investment management for Bank of America, is quoted in the article as saying, "Helping our clients plan for retirement will continue to be a core focus for our business in the years ahead."

Should you take retirement advice from a company that has slashed its dividend and whose stock is down almost 70% from its high? Just sayin...

 

Robert Brokamp is the senior advisor for the Fool's Rule Your Retirement service. 

 

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