Jerry Golden on Retirement

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.

When Rates on Money Market Account Approach Zero %

June 23, 2020 By Jerry Golden in Income Allocation Tags: annuity payments, Income allocation, Jerry Golden, retirement income, zero percent interest

A headline in the New York Times the other day caught my eye. It read: Rates at Rock bottom Are Expected to Linger in Fed’s Latest Forecast.

The question that would be worthy of an in-depth article is, What Do Low Interest Rates Mean to Current and Future Retirees?

Based on conversations I’ve been having about exporting our Income Allocation planning method to Japan, which experienced the “Lost Decade” of ultra-low (and even negative) interest rates, this is on the mind of investors around the globe. I tell them – and you – that an Income Allocation plan for retirement income that includes annuity payments, should address their concerns.

What to do with the cash in your retirement portfolio earning almost no interest?

How to Fill that Hole in Your Retirement Income

May 4, 2020 By Jerry Golden in Income Allocation Tags: Go2Income, ira2income, retirement income, retirement savings

With a great many investment portfolios down 15% or so, what can retirees do to make up for that lost source of income?

Now that COVID-19 has officially changed everything, let’s talk about how you can maintain as much of your retirement income as possible.

The combination of factors we have witnessed is almost overwhelming.

End of Decade Closes with Three Surprises for Retirement

January 16, 2020 By Jerry Golden in Income Allocation Tags: Income allocation, Income annuities, Jerry Golden, retirement income, retirement savings, stock market

An impressive year in the stock market concluded the decade with a bang, which means it is a good time to ask yourself, “Are my retirement plans better off in 2020 than they were a year earlier?”

Along with a Dow Jones above 28,000, we have witnessed two other noteworthy events: Advisory firms are developing lower-cost strategies to help you spend that stock market windfall in retirement. And the government has made it easier for employees to turn their savings into pension-like lifetime income.

Prepare For Detours in the Market: Manage Your Plan in Real-time

December 10, 2019 By Jerry Golden in Income Allocation Tags: Dow Jones drops, Income annuities, income replanning, retirement income

Once you’ve created an income plan for your retirement, don’t think you’re done when the numbers on paper meet your immediate expectations. A successful plan requires regular analysis and adjustments. Both might be required, either because your goals change or the world shifts.

That is the benefit of an income allocation plan over other types of planning.

When I wrote an article called Don’t Bet Your Retirement on Monte Carlo Models, I suggested reliance on safe sources of income, including annuity payments, and a modest outlook on the market to avoid huge ups and downs that you can’t control.