Pensions Archives - Jerry Golden on Retirement

Pensions

Become Your Own Pension Manager

July 3, 2020 By Jerry Golden in Annuity Tags: annuity payments, Income allocation, Pensions

I’m an actuary by training and I had two potential career paths when I passed my last actuarial exam (there were 10 of these exams when I finished):

Pension consulting
Life insurance company new product development

I picked the latter. Then, as my career progressed, I moved from life insurance to retirement, and from product development to retirement planning. With this experience, I was able to develop the Income Allocation planning method that integrates annuity payments into a plan for retirement income.

The Market and Our Clients Have Brought Me Back to Pensions

To meet the needs of our clients, I’ve had to come full circle – back to pensions.

Where does lifetime guaranteed income come from?

December 7, 2016 By Jerry Golden in Annuity, Social Security Tags: Annuities, Guaranteed Income, Pensions, retirement income, Social Security

“Guaranteed income for life” is a powerful phrase. It conveys a promise of a specific level of cash deposited monthly into your bank account – for the rest of your life. It’s not dependent on market results or swings in interest rates. And that income can continue to be received by a spouse once you’re gone or, in some cases, go to a separate beneficiary.

But while each method of acquiring guaranteed lifetime income – Social Security, a defined benefit pension, and an income annuity — has a different source, everyone planning for retirement can create plans based on one, two or all three of these reliable and irreplaceable sources of money.

How is it possible to guarantee a monthly paycheck for life? More