New York, NY (PRWEB) November 21, 2012
November 21, 2012, variable annuity innovator Jerry Golden, today announced the launch of Golden Retirement Advisors (GRA), a Registered Investment Advisor (RIA), and the selection of the Intelligent Variable Annuity offered through TIAA-CREF Life Insurance Company as its platform for investing personal retirement savings.
“We conducted thorough research on no-load variable annuities being offered to investors today and selected the Intelligent Variable Annuity from TIAA-CREF,” Golden said. “It fits seamlessly with GRA’s approach of low fees, tax control and the build-up of guaranteed income.”
At accumulations of between $100,000 and $500,000, the account’s fee of 0.35 percent for the first 10 years and 0.1 percent thereafter is well below the 1.34 percent average that Morningstar reports as the average for annual variable annuity fees.
“The Intelligent Variable Annuity works particularly well for investors who have a significant portion of their retirement savings invested outside of a 401(k) or rollover IRA, or what we call personal retirement savings,” Golden added.
“We are very pleased that Golden Retirement Advisors has selected the Intelligent Variable Annuity as its main offering for personal retirement savings,” said Jeremy Ragsdale, vice president of product management for TIAA-CREF Life. “Investors may benefit from our low costs, wide array of investment choices and variety of distribution options. In addition, we have no surrender charges.”
GRA has also teamed up with a leading third-party investment advisor, Kanon Bloch Carre, to develop investment models using TIAA-CREF’s wide variety of low-cost fund options within the account. These portfolios fit into the Savings2Income (S2I) planning method GRA has adopted for creating its plan for retirement income.
GRA believes that S2I is a superior planning method for the underserved middle and mass affluent investors it is targeting, particularly those whose retirement savings have been hardest hit in the current economy.
“With a low-cost variable annuity and the S2I planning method, we believe we can increase an average investor’s spendable retirement income from non-qualified savings by 40 percent. Since personal retirement savings represent more than 50 percent of all financial assets, that improvement can mean the difference for a secure retirement,” Golden said.
To calculate the increase on an individual basis, an investor can go to the GRA website.
Golden Retirement Advisors
The investment advisory firm was founded by Jerry Golden to deliver a plan for retirement income focused on the retirement income needs of broad segments of the U.S. population. GRA’s goal is to create a secure retirement for investors by selecting the best-in- class retirement income solutions from both investment and annuity product providers, and integrating them into a personalized plan.
Golden has more than 40 years of successful development and implementation experience in safeguarding investments and providing secure income streams for investors planning for and nearing retirement. His achievements include the design and origination of products in three sectors – retirement income, variable annuities and variable life insurance. Variable annuity products that he developed for AXA Equities reached $15 billion in worldwide sales. With this innovation and others, Golden has been called the father of modern variable annuities approaching $1 trillion in assets. Prior to founding Golden Retirement Advisors, Golden was president of the Income Management Strategies Division of MassMutual Financial Group.