Bohemia, NY (PRWEB) February 05, 2013
On February 5, 2013, Savings2Income (S2I) discusses how its retirement planning method can be applied to all retirement assets, and create Guaranteed Income for life. The S2I approach is in contrast to common retirement drawdown strategies, and S2I believes will fail the average investor’s need for retirement income that lasts a lifetime.
The S2I planning method is based on building three streams of Guaranteed Income from:
1. Social Security – by making smart claiming decisions, an investor can have cost of living protected income for life, along with spousal protection as well.
2. 401(k), Rollover IRA Savings – by gradually converting these savings to a “personal defined benefit pension”, the investor can use these accounts as intended, while creating retirement income that could last a lifetime. In the meantime, a dramatic reduction of fees is possible while still retaining a broad-based investment strategy.
3. Personal Retirement Savings – by utilizing the typically 50% or more of financial assets held outside a 401(k) or Rollover IRA, investors can fill income gaps both short and long term, again with reduced fees, and without additional risk. By taking advantage of these lower fees and tax deferral, the S2I planning method helps the average investor obtain a 30% to 50% increase in spendable income from these personal retirement savings..
The S2I website, http://www.savings2income.com, provides Case Study examples of the S2I planning method.
Even though the S2I planning method would appear to be quite conservative, the next installment in this series will show how the S2I planning method outperforms drawdown strategies in both good and bad markets. That advantage comes from not only the planning method, but also from tax deferral and lower fees.
The innovative Savings2Income (S2I) planning method created by Jerry Golden seeks to provide a clear path to retirement security for those saving for retirement, soon to retire, and recently retired. The S2I planning method incorporates Rollover IRA savings, personal retirement savings held outside an IRA or 401(k) plan, and Social Security into an integrated solution.
Check out Savings2Income to see the previous installment in the series.