Retirement Planning Archives - Page 3 of 3 - Jerry Golden on Retirement

Investing for Retirement Income is Different – Rethink 60/40 Rule

August 30, 2022 By Jerry Golden in Annuity Tags: 60/40 rule, FolioBeyond, Income annuities, retirement income, Retirement Planning

A lot of retirement guidance I have read lately continues to treat baby boomers the same as the rest of the investor public. Even after the first six months of 2022, when the traditional 60/40 stock/bond portfolio sank more than 20%.

I may not dispute the traditional approach for investors who are 25, 35 or 45 years old and accumulating savings for retirement or the kids’ college education. As we know, markets historically rebound, and younger investors with time to recover from market corrections have the benefit of dollar cost averaging.

Factoring Inflation Into Your Retirement Plan

December 3, 2021 By Jerry Golden in Income Allocation Tags: budget, income, income plan, Inflation, retirement, Retirement Planning

Right now, inflation is top of mind for everyone, including retirees.

Inflation is important. But it is only one of the risks that retirees have to plan for and manage. And like the other risks you have to manage, you can build an income plan so that rising costs (both actual and feared) do not ruin your retirement.

Inflation and Your Budget

Remember that in retirement your budget is different than when you were working, so you will be impacted in different ways. And, of course, when you were working your salary and bonuses might have gone up with inflation, which helped offset long-term cost increases.

How to Generate an Extra $20,000 a Year in Retirement

May 17, 2021 By Jerry Golden in Income Allocation Tags: Income allocation, Jerry Golden, Retirement Planning, safe income

That amount of money could change your life. Let me help.

Many retirement plans allocate your savings to varied stock and bond portfolios and, based on historic averages, tell you how much income those assets might generate until you reach a certain age, such as 90. That planning does not typically account for unexpected expenses, such as health care or a storm-damaged roof, and usually ignores what happens if you live longer than planned.

Better retirement planning ensures you have basic income for life along with a plan for meeting those extra expenses.

Name Your Plan – Select Both Retirement Income and Legacy Target

March 6, 2021 By Jerry Golden in Income Allocation Tags: annuity payments, income all, legacy plan, lower fees, lower taxes, Name your plan, Retirement Planning

You know how much income you need and what kind of legacy you want to leave, but what you don’t know is if you might be able to hit those targets. Here’s one way to find out.

Everyone has retirement goals, but the big question is, are they attainable?

Take the 70-year-old woman I wrote about recently. She has $2 million in retirement savings, and she’d like to use those savings to generate $70,000 in annual income increasing by 2% a year early in retirement, but still be able to leave her heirs a $2 million legacy at age 90. Can she do it?

That’s a question many financial advisers might have trouble answering, but after seeing the results of many, many plans over the years, I believe I’ve created a method that can answer her question using Income Allocation planning. While her legacy results will depend on market returns, this planning method incorporates annuity payments into the mix and lowers costs and taxes to deliver reliable income.

Announcing Go2Income and My Return to Blogging

July 25, 2014 By Jerry Golden in Annuity Tags: Go2Income, Retirement Income Annuity, Retirement Income Experts, Retirement Planning

Pardon my brief hiatus from delivering observations from the world of retirement, but along with the rest of my team, over the past few months I have been working on a project we believe is of immense value to investors like yourself.

That is why I am proud to announce Go2Income.

Go2Income is a new service that Golden Retirement, LLC developed to help individual investors (1) decide whether a Retirement Income Annuity makes sense for them; (2) select the type of annuity options that fits their personal circumstances; and (3) choose the insurance company with the best rates and rating.