Presented by: Dena K. Lewis Assistant Vice President

Merrill Edge Financial Solutions Advisor™

Women and Wealth: Creatinga Strategy That Works for You

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The information in this presentation is intended to be a general introduction of Merrill Edge’s approach to wealth management. It is not intended to be either a specific offer by any Merrill Edge entity to sell or provide, or a specific invitation to apply for, any particular product or service.

Merrill Edge offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select.

Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state or local tax penalties. NeitherMerrill Lynch nor its Financial Solutions Advisors provide tax, accounting or legal advice. Clients should review any planned financial transactions or arrangements that may have tax, accounting or legal implications with their personal professional advisors.

Asset allocation, diversification and rebalancing do not assure a profit or protect against a loss in declining markets.

Investing in securities involves risks. There is always the potential of losing money when you invest in securities.

Investments in foreign securities involve special risks, including foreign currency risk and the possibility of substantial volatility due to adverse political, economic or other developments. These risks are magnified for investments made in emerging markets.

Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), and consists of the Merrill Edge Advisory Center (investment guidance) andself-directed online investing.

MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation.

Banking products are provided by Bank of America, N.A., and affiliated banks, members FDIC and wholly owned subsidiaries of BAC.

Investment products:

© 2012 Bank of America Corporation. All rights reserved. ARX0G6E3 | PPT-12-11-0270 | 6/2012

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

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Agenda

What we’ll discuss today:

Women as a force in the economyand workplace

The unique challenges women face

Strategies for retirement planning

How a Merrill Edge Financial Solutions Advisors can help

Women: a financial force

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Financial preparedness

Ninety-five percent of U.S. womenare involved in household financial decisions; 25% are the primary decision makers.1

Are you prepared financially for:

A long life well into retirement

What will happen to your loved onesif you die unexpectedly

The possibility you, a spouse or a parent becomes disabled

1 “Financial Experience & Behaviors Among Women,” 2010–2011 Prudential Research Study, www.prudential.com.

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Women: A force in the economy

Some economic factors about women today:

Comprise 43% of top wealth holders1

Will hold 50% of total private wealth (estimated to be $22T by 2020).2

Make more than 80% of all consumer purchase decisions3

Spend more than 70% of consumer dollars worldwide4

1 Brian G. Raub, “Personal Wealth, 2004,” U.S. Internal Revenue Service, Statistics of Income Division, www.irs.gov.2 Harvard Business Review. “The Female Economy “ September 2009 3 A.T. Kearney Consulting Firm, Trendwatching, 2007, www.trendwatching.com.4 Boston Consulting Group “Women Want More: How to Capture Your Share of the World’s Largest, Fastest-Growing Market” August 2009

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Women in the workplace

1 Women’s Employment During the Recovery, U.S. Department of Labor, 2011, www.dol.gov.2 Bureau of Labor Statistics, “Employed persons by detailed occupation, sex, race, and Hispanic or Latino ethnicity,” 2010.3 The Economic Impact of Women-Owned Businesses in the United States, Center for Women’s Business Research, 2009.4 U.S. Census Bureau, Current Population Survey, 2010 Annual Social and Economic Supplement, April 2011.

Some statistics about women in the workplace:

Women comprise 46.7% of the totalU.S. labor force1

They account for 51.5% of persons employed in management/professional positions2

More than 8 million U.S. businessesare majority women-owned, with an economic impact of $3 trillion annually, translating into more than 23 million jobs3

Women receive more bachelor’s and advanced college degrees than men4

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Unique challenges

1 U.S. Census Bureau, Life Expectancy by Sex, Age, and Race: 2008 (most recent statistics).2 The MetLife Study of Caregiving Costs to Working Caregivers: Double Jeopardy for Baby Boomers Caring for Their Parents , 2011.3 Bureau of Labor Statistics, Current Population Survey, “Median weekly earnings of full-time wage and salary workers by detailed occupation and sex, 2010,” April 2011.

Women face unique challenges that can impact their ability to realize longer-term goals:

Increased life expectancy/greater retirement needs1

Longer exposure to inflation/increased health care costs

Long-term impact of time spent out of work force2

Earning 81.2% as much as men as a full-time worker3

Life Expectancy in Years1

Women Men

80.5 75.5

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What about your life?

Consider this:

Are you living for today, maintaining a long-term time frame, or both?

Is your financial strategy a balance between lifetime financial needs and the legacy you would like to leave?

Are you familiar with your investment portfolio? Do you feel you have the right mix of stocks, bonds and cash to help meet your investment needs?

Have you determined your tolerance—both financial and emotional—for investment risk?

Have you worked to develop strategies to help meet your philanthropic goals?

Do you have a will and/or trusts? If so, are they current?

Saving for Retirement

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Impacts to lifetime earnings

The earnings gap between genders and career interruptions may hindera woman’s lifetime earnings

U.S. Department of Labor U.S. Bureau of Labor Statistics June 2010

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Contribute the maximum to your 401(k) plan or IRA, includingcatch-up contributions

$5,000 $1,000

Individual Retirement Accounts (IRAs)1

Employer-Sponsored Plans2

$16,500 $5,500

Individualsunder age 50

Age 50+ catch-up contribution

Individualsunder age 50

Age 50+ catch-up contribution

2011

Contribute as much as you can

1 Contribution limits are for traditional and Roth IRAs. 2 These contribution limits apply to 401(k), 403(b) and 457b plans.

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Career interruptions can be challenging for saving for retirement. However, investing early can help you later

Start investing early

1 The data illustrated in the bar graph is hypothetical and not indicative of the performance of any particular investment. Chart assumes annual IRA contributions made on January 1 each year of investing. Assumes annual rate of return of 8% on a non-FDIC insured brokerage investment and tax-deferred compounding in an IRA. Past performance is no guarantee of future results. An account may earn more, may earn less, or may incur a loss. Final account balances are prior to any distributions, fees, and taxes which would lower the ending balance. Taxes may be due upon distribution. You may be subject to a 10% additional federal tax if you withdraw prior to age 59½. Investing in this manner does not ensure a profit or guarantee against loss. Investing in securities involves risks due to price fluctuations.

Hypothetical example3, assumes an 8% annual return in a brokerage IRA

0k

200k

400k

600k

800k

1,000k

Susan Joan

1,200k

Assumptions

Susan Starting at age 22 invests $3,000 per year

for 43 years until her retirement Her balance at age 65: $1,067,849

Joan Starting age 22 invests $3,000 per year

for 8 years. She then leaves the workforce until

she is 50 She then returns for 15 more years and

contributes $6,000 Her balance at age 65: $726,250

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There are a variety of retirement account solutions to consider

Do you have access to a 401(k) right now?

Explore your tax-deferred account options

YES: Maximize contributions to employer-sponsored retirement plans or at least contribute enough to earn the company match available.

NO: Open an IRA and maximize contributions including “catch-up” contributions (if eligible)

Have you changed jobs?

YES: Roll over your 401(k) or other employer-sponsored retirement plan from a previous employer into an IRA.

Are you married and not in the workforce?

YES: Participate in a ‘Spousal IRA’ if eligible

Investment strategies to help meetyour financial goals

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Your strategy shaped by your life

Consider this:

Find the appropriate asset mix for your goals, timetable and risk tolerance

Keep your accounts diversified to help protect against market volatility

Consider whether your investment selections are likely to keep up with inflation

Rebalance regularly*

Review your strategy with your Financial Solutions Advisor at least once a year as you near retirement

*Asset allocation, diversification and rebalancing do not assure a profit or protect against loss in declining markets.

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?

A strategy defined by your goals

Your overall investmentstrategy depends on:

Your goals, timetable andtolerance for risk

A balance of stocks, bondsand cash

Monitoring and rebalancingyour portfolio

?? STOCKSCASH

?BONDS

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Determining an appropriate asset allocation

Source: Bank of America Merrill Lynch Research Investment Committee (RIC) Report, January 2012. Models are for illustrative purposes only. Merrill Lynch has changed the allocations for each model in the past and may change the allocations in the future, depending upon research and investment strategy recommendations.

20%

55%

25%40%

50%

10%

60%35%

5%

70%

25%

5%

80%

15%

5%

ConservativeModerately

Conservative ModerateModeratelyAggressive Aggressive

StocksBonds Cash

Merrill Edge Asset Allocation Models

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Choices within each asset class

Bonds: Income generation

Corporate Municipal

Stocks: Portfolio growth

Dividends Market capitalization International/Emerging markets

Other assets

Real assets, cash Private equity, hedge funds

Some or all alternative investments may not be suitable for certain investors. Many alternative investment products, specifically private equity and most hedge funds, require purchasers to be “qualified purchasers” within the meaning of the federal securities laws (generally, individuals who ownat least $5 million in “investments” and institutional investors who own at least $2.5 million in “investments,” as such term is defined in the federal securities laws). No assurance can be given that any alternative investment’s objective will be achieved. Many alternative investment products are sold pursuant to exemptions from securities registration and, for example, may not be subject to the same regulatory requirements as mutual funds or other registered securities. In addition to certain general risks, including but not limited to risk of loss of principal, illiquidity of certain investment vehicles and lack of transparency with respect to fund portfolio holdings, each product will be subject to its own risks, including strategy and market risk. Certain alternative investments result in the investors’ receipt of tax reporting information.

This information is for illustrative purposes only. It is not intended to serve as investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances.

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Merrill Edge Wealth Management Process

We can help you organize your financial life.

We help you look at your financial life in total and establish objectives that balance several goals simultaneously, such as a child’s education, your retirement and your wealth transfer plan.

We’ll work with you to build an investment strategy that allows the different pieces of your financial life to work together, taking into consideration not only your various goals, but also the levels of risk you’re prepared to take to pursue them.

The strength of your strategy will mean little if it falls short at execution. We draw from a vast array of proprietary and nonproprietary products to help you customize integrated solutions.

Your relationship with us should be based on accountability. That means we’ll meet with you to help you review your progress, measure results against your objectives and make adjustments as necessary.

Retirement Income Strategies

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Longer life expectancy, longer retirement

How long must your money last?

People are now living longer in retirement

You may need income for 20 to 30 years afteryour paychecks stop

Source: Annuity 2000 Mortality Table, Society of Actuaries. Figures assume you are in good health.

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Life Expectancy Beyond Retirement at Age 65

25% chance of living to

at least one person has a 25% chance of living to

50% chance of living to

50% chance of living to

at least one person has a 50% chance of living to

85

92

88

94

92

97

MaleAge 65

FemaleAge 65

CouplesAge 65

25% chance of living to

A healthy 65 year old female has a 50% chance of living until 88 or 23 more years.

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You need answers to plan effectively

Retirement income planning can help you answer these critical questions

What kind of lifestyle do I want?

When can I retire?

How much will I need?

How can I make sure I don’t run out of money?

How can I recover from losses in my portfolio?

How will I know if I’m on track?

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Understanding your income and expenses can help you structure an investment strategy to meet essential and discretionary expenses

Consider solutions with a guaranteed* income stream like annuities to helpmeet your essential daily living expenses

Create a retirement income plan

FundingGap

Pension

Target Spending Level

FundingGap

Employment Income

Social Security

Pension

PlannedExpenditures

PlannedIncome

PortfolioDraw DownIncome

*All annuity contract and rider guarantees, or annuity payout rates, are backed by the claims paying ability of the issuing insurance company. They are not backed by Merrill Lynch or its affiliates, nor do Merrill Lynch or its affiliates make any representations or guarantees regarding the claims-paying ability of the issuing insurance company. Variable annuities are sold by prospectus only. Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses provide this and other important information. Please contact your Financial Solutions Advisor to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money

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Structuring your portfolio for now and later

Merrill Edge uses a three-pronged investment approach to help meet your needs throughout retirement

Create an asset allocation strategy that reflects your needs

Align investment objectives, liquidity and risk tolerance

Consider various tax implications

Asset allocation does not assure a profit or protect against loss in declining markets

Short-Term Consumption

Intermediate-Term Longevity

Long-Term Wealth Transfer

Liqu

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Inve

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Estate planning considerations

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The importance of estate planning

Estate planning includes:

Financial strategy that incorporates investments, retirement accounts,life insurance, trusts

Legal documents as required by state law

Tax planning as per federal and state tax laws

Beneficiary Planning

Special considerations:

Durable power of attorney

Living will

HIPAA health care authorization and release

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Distributing your assets per your wishes

Will Living Trust

Provides for the distribution of assets after your death

Applies to assets owned in your name not otherwise the subject of beneficiary designations

Does not address lifetime planning, e.g., incapacity

Is subject to probate proceedings Requires court-appointed personal

representative

Provides benefits while you are still alive, including during incapacitation, and after death

Allows limited probate proceedings for pour-over will

Applies to all assets titled in the name of the trust

Addresses lifetime management of assets

Requires grantor-appointed trustee

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Beneficiary planning

It is important to make appropriate beneficiary designations to ensure that: Your assets pass to your

beneficiaries according toyour wishes

Your assets avoid the potential delay and expense of probate

Your beneficiaries have the opportunity to extend or “stretch”, the tax-deferred earning periodof the assets

Putting it all together

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Do you have any questions?

We’ve discussed:

Women as a financial force

Retirement

Investment strategies to helpmeet your financial goals

Philanthropy

Caregiving

Estate planning strategies

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Building and enriching your financial life

Enjoy a single, comprehensive view of your Merrill Edge andBank of America account balances for easier financial management.

We offer brokerage accounts and IRAs through Merrill Edge, and checking accounts and CDs through Bank of America, N.A.

Solutions

Service

Pricing

Call the Merrill Edge Advisory Center to speak with one of our Financial Solutions Advisors.

We will give you personalized advice and guidance for yourspecific situation.

Merrill Edge clients enjoy clear and transparent pricing.

Talk to us about our simple account fees, flat rate equity tradesand other benefits.

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Building and enriching your financial life

Dena Lewis

Merrill Edge Financial Solutions Advisor™

678-686-7364 / dena_lewis@ml.com

Merrill Edge Financial Solutions

Advisor

Contact your local Financial Solutions Advisor:Dena K. Lewis

678-686-7364 / dena_lewis@ml.com

Go to www.merrilledge.com/bankatwork or

888-609-4650 to learn more.

Merrill Edge Advisory Center

Bank at Work

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Have your money working for you.Thank you