Jerry Golden of Savings2Income Releases Video with Three Tips on Increasing Income in Retirement

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In a new video, Jerry Golden, the developer of the Savings2Income planning method, reviews the basic principles for maximizing income in retirement.

On February 11, 2013, Jerry Golden, the developer of Savings2Income (S2I), releases a new video with three tips on increasing your retirement savings and retirement income without your taking more risk.

While everyone hopes to increase their personal savings, as we approach retirement, it becomes even more important to have a reliable source of income to depend on, and that lasts a lifetime. For this reason, Jerry Golden has released a YouTube video with three tips on increasing your retirement income.

Key points that Golden makes in the video are that none of us controls investment markets, whether these markets fluctuate up or down, or whether interest rates are going to be high or low. Golden also points out in the video that we need to focus on those things that are under our control, and that there are three very important elements that we can control.

First is lowering fees. For example, for an average by reducing fees by about three-quarters of a percent per year, retirement income increases by about 15 percent, according to a recent S2I study.

Controlling taxes is the second step toward increasing retirement income, pointing out that there’s no reason to pay taxes on investment earnings - dividends, interest or capital gains- that you’re re-investing back into your retirement savings. Golden states that current laws don’t require you to do so, and that the S2I planning method approach is to only pay taxes on income you consume and not on earnings that you re-invest.

Lastly, Golden recommends purchasing guaranteed income that is deposited into your bank account monthly and reset periodically based on the planning decisions that reflect your personal circumstances.

“Individuals should not be subject to the vagaries of the market, or interest rates, to determine how much income they’re receiving. A retirement income plan should be made up of income that is guaranteed for life,”— Golden said.

An innovative planning method that was created by Jerry Golden to benefit those recent retirees and those soon to retire called Savings2Income, seeks to provide a clear path to retirement security, and incorporates qualified savings, personal retirement savings and Social Security into an integrated solution.


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