Annuity Archives - Page 21 of 21 - Jerry Golden on Retirement

What Every Baby Boomer Should Know – Introducing QLAC

January 15, 2015 By Jerry Golden in Annuity 4 Comments

Ever since the IRS released regulations in July 2014 about QLACs (defined below), I’ve been making strong and positive statements about this new investment vehicle. I’ve stated that it’s “the most important change in retirement plans since the 401(k) was invented,” and “every Baby Boomer with retirement savings will need to consider a QLAC as part of his/her plans for retirement income distributions.”

These statements are in stark contrast to those who suggest that a QLAC is simply a way for high net worth investors to defer taxes on retirement distributions they don’t need.

Over the coming months, I intend to write about QLACs, provide real-life examples, and describe the QLAC marketplace, all with a goal to educate readers about QLACs. But for today, let’s start with this introduction to QLAC so that you can understand the significance of what’s to follow in coming months. More

Announcing Go2Income and My Return to Blogging

July 25, 2014 By Jerry Golden in Annuity Tags: Go2Income, Retirement Income Annuity, Retirement Income Experts, Retirement Planning

Pardon my brief hiatus from delivering observations from the world of retirement, but along with the rest of my team, over the past few months I have been working on a project we believe is of immense value to investors like yourself.

That is why I am proud to announce Go2Income.

Go2Income is a new service that Golden Retirement, LLC developed to help individual investors (1) decide whether a Retirement Income Annuity makes sense for them; (2) select the type of annuity options that fits their personal circumstances; and (3) choose the insurance company with the best rates and rating.

A Lack Of Definition Leads To A Lack Of Understanding

January 17, 2014 By Jerry Golden in Annuity Tags: Annuities, Deferred variable annuity, Fixed payout annuity, Indexed annuity, retirement

In keeping up with the daily articles and posts about retirement, I have noticed discrepancies in the use of the term “annuity”, which has developed into a point of contention. This inconsistency in a clear definition of annuities has plagued these articles, which in turn hurts the reader, the writer and the annuity business.

A recent example of this growing problem arose a few days ago while I was comparing two retirement advice articles from two different sources. In Lisa Hay’s recent article from Market Watch, titled 6 Money Mistakes To Avoid In Retirement, her second warning is “not to fall for an annuity sales pitch”; while in Steve Vernon’s article titled, How Long Will Your Retire Savings Last, from CBS Money Watch, he states, “one way to avoid running out of money before you die is to buy an annuity from an insurance company.”

Do these two writers disagree about the efficacy of a single type of annuity, as the lay reader would assume? No, in fact they’re referring to two totally different forms of annuity.