1Kaiser Family Foundation, “Experiences with Health Care Access, Cost and Coverage,” December 2022.
2Centers for Medicare and Medicaid Services, “Health Expenditures by Age and Sex,” August 2023.
3HealthView Services, “Addressing the Women’s Longevity Gap,” September 2020. Expressed in future dollars. Assumes the woman’s current age is 43, the man is 45, and their retirements will last 25 and 23 years, respectively. Premiums included are Medicare Parts B, D and Supplemental Insurance (Medigap) Part G.
4Assumes a 5% annual return
5AARP and National Alliance for Caregiving, “Caregiving in the U.S.,” May 2020.
6BMC Health Services Research, “Impact of Physical Activity on Healthcare Costs,” June 2023.
Important Disclosures
Opinions are as of 09/13/2023 and are subject to change.
Investing involves risk, including the possible loss of principal. Past performance is no guarantee of future results. Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.
This information should not be construed as investment advice and is subject to change. It is provided for informational purposes only and is not intended to be either a specific offer by Bank of America, Merrill or any affiliate to sell or provide, or a specific invitation for a consumer to apply for, any particular retail financial product or service that may be available.
The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (“Bank of America”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).
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