Executives of Bank of Americas Merrill Edge program have taken a page from The Christmas Carol to prompt investors to change their financial behavior: Theyre offering them a glimpse of their future selves. Through a new online tool that ages a consumers photo, investors can see what theyll look like many years down the road.
The idea behind the new tool is to motivate Americans to save more for their retirement and to engage in conversations about their financial future, said Alok Prasad, head of Merrill Edge, an investment management program for mass affluent customers with $50,000 to $250,000 in investable assets.
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