Go2Income Archives - Page 2 of 3 - Jerry Golden on Retirement

Even the Experts Can’t Figure Out How to Plan for Retirement Income

September 18, 2021 By Jerry Golden in Income Allocation Tags: annuity payments, Go2Income, Income allocation, Jerry Golden, retirement income

An article in The New York Times, “How to Enjoy Retirement Without Going Broke,” is a reminder that experts — from Nobel Prize winners to financial advisors — are challenged by planning for retirement income. It also showed that those who provide investment advice are stymied by this almost universal problem for a large part of the retiree market.

On the academic side:

“It’s really nasty. It’s the nastiest, hardest problem I’ve ever looked at,” said William Sharpe, who won the Nobel Prize in economics and reported his progress on the problem of how retirees can manage their financial assets without running out of money: “I can’t say I’ve found some magic solution, because I haven’t.”

On the advisor side:

One advisory firm appears more confident than the academics with brochures touting “7 innovative ways to generate income from your nest egg.” On the other hand, they also “hate annuities” and their firm’s reward system – we make money when you do – is based on having clients take market risk, rather than providing secure income.

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.

Annuities: The “bad,” the “good” and the “misunderstood”

March 26, 2018 By Jerry Golden in Annuity Tags: Annuities, Baby Boomers, Go2Income, QLAC, retirement income

For some investors, annuities have an image problem. Read the headlines on the advertisements from a few marketing-focused financial advisors to understand why. They often include words like scary, avoid, and often just plain “bad.”

The problem with this characterization is the total failure to distinguish between the broad categories of annuities and to analyze the features of each. As I said in a recent seminar, you don’t drop your life insurance because you are unhappy with the claim adjuster on your automobile insurance.

New Release of Go2Income

November 15, 2016 By Jerry Golden in Annuity, Social Security Tags: Annuities, Go2Income, retirement income, Social Security

We’re pleased to announce a new release of Go2Income, the website that helps consumers decide whether income annuities should be part of their retirement planning. We have heard from visitors — both consumers and financial writers — that the site offers the most helpful information on income annuities in a low-pressure and clear way.

What’s New?

Here are the most important changes we made:

Choice of Annuity Companies: Go2Income now offers income annuities from more than 25 insurance companies rated “A” or better, providing you the opportunity to choose from among the strongest firms in the country.
More Annuity Quotes Returned: When you enter your request for a competitive quote into Go2Income, it will now reveal the three companies that offer the best rates for your situation.
Improved What-If Tools: Our market-based pricing, which helps you design your income annuity choices in Steps 1 and 2, has been realigned to better match current market conditions.
More Retirement Tips: We have provided easy access to my most recent blogs at Jerry Golden on Retirement so visitors can see what I’m saying about income annuities, Social Security, and other retirement matters.

Visit Go2Income now to research your income annuity options, and request an appointment for a telephone or in-person conversation with a Go2Income specialist.

Answers on timing and safety of income annuities

November 1, 2016 By Jerry Golden in Annuity 6 Comments Tags: Annuities, Go2Income, retirement, Social Security

The simplest description of an income annuity is this: It’s insurance against living so long that you outlive your money. An income annuity is the only financial product that offers pension-like income that lasts for the rest of your life.

Figuring out the details of buying an income annuity stops many people from considering one, though. And the current environment of low interest rates has some potential buyers wondering whether an income annuity in one of its many forms is both timely and safe. More