Annuities Archives - Page 5 of 16 - Jerry Golden on Retirement

How much of my retirement income should be guaranteed for life?

October 27, 2017 By Jerry Golden in Income Power Tags: Annuities, Income power, Kiplinger, Learning about Income Power, retirement income

Knowing the answer could reduce stress during retirement

Buying guaranteed income is in many ways like buying a car. You know you’ll enjoy owning it but the challenge of deciding which model and where to buy it may be unnerving. Just as you need a car for transportation, you need guaranteed retirement income for peace of mind. And similar to purchasing a car, you’ll need to make decisions about your guaranteed income.

How much do you want to spend? (% of savings allocated to purchase)
What model do you want? (current or future income)
What make? (annuity company)
Which options? (survivor benefits)

We built Go2Income to help investors answer those questions, for one simple reason. Many studies suggest that retirees appreciate the benefits of having guaranteed lifetime income, whether it comes from Social Security, a pension or income annuities. While the first two are automatic – with limited investor choices – the last is voluntary and very much underrepresented as a percentage of retiree savings. More

How I invented Income Power

October 10, 2017 By Jerry Golden in Income Power Tags: Annuities, Dependable spendable income, Guaranteed Income, Income power, Kiplinger, Learning about Income Power, retirement income

I have been a tinkerer and inventor my entire adult life, but instead of building a better mousetrap, I concentrate on financial products.

I started my career as an actuary and graduated to manage divisions of financial service companies. I even ran my own life insurance company. Now I’m an entrepreneur and financial advisor, constantly thinking about how to help people with the most common retirement question:

Will the money I saved for retirement last for the rest of my life?

My latest invention is Income Power, which tells investors how much lifetime income they can get from their retirement savings — guaranteed. It also helps analyze what steps to take if these savings won’t provide as much income as investors need. More

Income Power video shows how to enjoy your retirement without stress

September 13, 2017 By Jerry Golden in Income Power Tags: Annuities, Income power, Kiplinger, Learning about Income Power, retirement

Income Power is a simple concept. It allows you to calculate exactly how much income you can produce from the retirement savings you have.

To answer your questions, I created a video that tells the true story of Tom and Janet. They built a nice nest-egg but, until they learned of Income Power, they couldn’t determine how much money they would be able to spend as they moved into retirement. More

Income Power – Planning for retirement income that will last as long as you do

August 30, 2017 By Jerry Golden in Income Power Tags: Annuities, Baby Boomers, Guaranteed Income, Income power, Kiplinger, Learning about Income Power, retirement income

Perhaps your net worth is $500,000 and you justifiably feel successful. At the same time, you probably still worry: When you choose to retire, will you have enough money to last the rest of your life?

There’s a reason for that. Until now, no one could tell you how much income your savings – even $500,000 or more – would create for you starting at retirement and continuing for life.

Now, you can get your answer. Go2Income.com is introducing a fresh new approach to retirement planning. For the first time, you can calculate with certainty how much income you will be able to count on for the rest of your life. That’s your Income Power.

You aren’t average

10 retirement building blocks for a long, financially strong life

June 6, 2017 By Jerry Golden in Annuity, QLAC Tags: Annuities, Dependable spendable income, QLAC, retirement building blocks, retirement income, Social Security

In a world where political ideas come and go, trends surge and falter, revolutions bloom and then fade, a few foundational concepts for retirement remain true: Income is of prime importance, planning for your specific circumstances will increase your financial stability, most retirement calculators are seriously flawed, and you can lessen – but not eliminate – the burden of taxes.

We recently completed a survey of the advice I have offered in this space for the past five years. Here are 11 retirement building blocks that I expect will remain useful no matter how long your retirement lasts.