Annuities Archives - Page 12 of 16 - Jerry Golden on Retirement

Market volatility works against retirement stability

July 5, 2016 By Jerry Golden in Annuity, Social Security, Two-stage retirement Tags: Annuities, Guaranteed Income, retirement income, Social Security

The new financial and political challenge known as “Brexit” is a good reminder that your plan for the late, or second, stage of your retirement should not depend on the stock market.

In the two days following Britain’s vote to exit the European Union, the Dow Jones Average plunged 800 points. The markets have since rebounded, but here’s the question you ought to ask yourself:

Will I feel secure in my retirement if my savings are fully invested in financial products that swing so wildly and unpredictably? More

Rethink Your Plans for Retirement — Split into Two Stages

June 28, 2016 By Jerry Golden in Annuity, Two-stage retirement Tags: Annuities, Guaranteed Income, retirement income, Social Security, two-stage retirement

Sometimes we only get serious about planning for retirement when we hit a bump in the road that reminds us about the consequences of being unprepared.

In the video below, Sam and Sally realize their own retirement plans aren’t adequate when Sally’s parents run into problems later in retirement.

Thinking about retirement as a two-stage process can help you deal with what is often our greatest fear: Running out of money. More

Plan for a retirement of success with guaranteed income

June 14, 2016 By Jerry Golden in Annuity 2 Comments Tags: Annuities, Baby Boomers, Guaranteed Income, retirement

None of us intentionally plans to fail.

We don’t intend to falter, even when we embark on difficult quests, such as retiring with enough income for the rest of our lives.

However, sometimes we fail to plan and, as Benjamin Franklin reputedly said, anyone who does that really is planning to fail.

Consider this scenario: You come home from work with good news. You got a raise! If – when your spouse asks what your new take-home pay will be – you answer, “It depends,” you’ve got an issue, because it’s impossible to plan for how much you can spend and save.

Will your advisor consider all options?

Experts on income annuities: Look at the benefits

June 8, 2016 By Jerry Golden in Annuity, Social Security 2 Comments Tags: Annuities, Baby Boomers, retirement income, Social Security

There is confusion on the internet, and even in the financial industry, about the value of annuities. Some of the dissonance occurs because there are several types of annuities and it can be confusing to decide how some of them might apply to an individual’s retirement situation.

But if we concentrate on income annuities, either immediate or deferred, we will see that more institutions – and smart people – are talking about their benefits.

They are beneficial to people who have saved a decent amount for retirement and are trying to figure out how to create guaranteed income for life, as opposed to hoping their retirement savings, invested in stocks and bonds, last as long as they do. More

Build a retirement plan with the right recipe – for you

June 1, 2016 By Jerry Golden in Annuity Tags: Annuities, Baby Boomers, retirement income

While you research annuities on the internet as part of your investigation of retirement options, you will see a long list of ads and columns from financial advisors warning you about the pitfalls of investing in a product that provides guaranteed income for life.

The writers will discuss taxes, the complexity of annuities, the supposed difficulty of transferring money to heirs, and the threat of high fees.

They imagine retirees as gluttonous consumers who gorge themselves on a feast of annuities to the exclusion of all other options – and who woozily regret their decisions the morning after. More