Loans and Financing

These three strategies can help you create a meaningful legacy while generating a healthy retirement income. FOR MOST BUSINESS OWNERS, retirement is either a topic they embrace or the last thing they want to think about. If you're anticipating that day, you may have already begun preparing to step away from your business. “For many business owners, their retirement plan is their business,” says Judith Anderson, senior vice president of Retirement Personal & Wealth Solutions at Bank of America. “For many business owners, their retirement plan is their business.”  — Judith Anderson, Senior Vice President, Retirement Personal & Wealth Solutions, Bank of America Indeed, selling your business—or passing it on to the next generation—at retirement can enhance your income, provided your company has the necessary systems to function without your direct involvement. “If you determine that the company can thrive without you at the helm, your next step is to obtain an accurate valuatio...

 What credit score do you need for a Bank of America card? Your credit score determines your chances of getting approved for a Bank of America credit card, as it indicates how well you manage credit.  In 2023, we analyzed data from Bankrate to see the types of users applying for Bank of America credit cards on our site. Our findings revealed that more users with excellent credit were approved than those with good or fair credit scores. For instance, among all the Bankrate readers approved for the BankAmericard in 2023, 79 percent had either good or excellent credit (48 percent with excellent credit and 36 percent with good credit). Therefore, while it is possible to be approved for this card without having the highest credit score, Bank of America specifies that a good or excellent credit score is generally required for approval. This trend is also evident with the Bank of America Customized Cash Rewards card. According to Bankrate’s data, an impressive 84 percent of approved ...