Income Boost Archives - Jerry Golden on Retirement

Income Boost

A Robo-Income Program Offering Human Touch in Retirement Income Planning

September 7, 2020 By Jerry Golden in Income Allocation Tags: Income allocation, Income annuities, Income Boost, retirement income, robo income planning

No matter how advanced robots have become, and how unhappy you may be with high advisor fees, you wouldn’t hand over your retirement income planning to a machine. I’ve been working on retirement innovations for 40 years, and while I may be able to program all my formulas into online tools, retirement income plans need a human touch in order to find the unique combination of plan elements that match each retiree’s objectives.

I will say, however, that compared with 40 years ago, artificial intelligence plays a much bigger role in planning. If you know how to use AI, or robo-income analytics as we call it, you can get the retirement income plan that fits you best.

That is why Go2Income.com announced the first robo-income tool that enables retirees and near-retirees to design their own Plan for Retirement Income. With our robo-income program, simply labelled a “Guide to Retirement Income” (Guide), you can identify the planning objectives that will best match your financial goals of lifetime income, liquidity and legacy. And you can figure out how that income should be allocated among dividends, interest, IRA withdrawals and annuity payments.

When Retirees Question More Retirement Income

July 26, 2020 By Jerry Golden in Income Allocation Tags: annuity payments, Income allocation, Income Boost, lifetime income

If your boss offered you an increase in pay totaling $450,000 from age 40 to retirement at 65, your first reaction would probably be joy, followed by relief knowing that your retirement finances would be in good shape. Then you might ask some questions. Like, what do I have to do to earn that money?

When Go2Income determined that an Income Allocation retirement income plan could produce an Income Boost of as much as $450,000 over a typical Asset Allocation plan, I expected to hear lots of joyful reactions. Instead, the possibility of such an improvement in retirement fortunes raised more questions.

Fair enough. When you count on your retirement savings, together with Social Security, to produce the bulk of your retirement income, it is wise to be careful.

On the other hand, it is smart to consider and investigate new approaches. Some of them might result in a much better retirement. Smart investors have lots of questions about new ideas. I will answer the questions regarding Income Boost in the sections below.