New York, NY (PRWEB) August 27, 2013
At a time when major Variable Annuity (VA) companies are making unprecedented changes to their inforce VA contracts, Golden Retirement Advisors (GRA) announces a Special 1035 Exchange Offer enabling holders these VA contracts, as well as those who own high fee VA contracts, to exchange their VAs for lower cost alternatives, and in the process, have the option to create a personal plan for retirement income utilizing the Savings2Income retirement planning method.
The average cost of a “plain vanilla” (without a living or minimum benefit guarantee) VA contact, according to LIMRA, a life insurance industry trade association, is nearly 2.30% per year. When adding in the cost of a Living Benefit Guarantee (LBG), the average cost approaches 3.50% per year, according to Morningstar. These costs significantly reduce the potential growth of an investor’s account value, which usually translates to a reduction in the amount of annuitized income that can eventually be received in retirement.
Golden Retirement Advisors is making available to holders of these expensive VAs a low cost alternative with total fees as low as 1.15%. To learn more about the Special 1035 Exchange Offer visit http://www.goldenretirement.com/variable-annuity-exchange.html#rfsws
Jerry Golden, president of GRA and developer of the Savings2Income (S2I) retirement planning method, states, “As an innovator in the VA industry I feel an obligation that VA purchasers get the maximum benefit from their investments. The 1035 exchange provision enables annuity holders to (1) trade in expensive VAs without incurring tax to a low cost VA, and (2) gradually convert the VA to fixed payout annuities providing guaranteed income that can last a lifetime.
GRA can help annuity contract holders decide whether to exchange VAs with a LBG and/or replace them using the S2I planning method. GRA will take investors through key questions concerning such factors as fees, investment options, liquidity, tax treatment, flexibility and security.
The innovative S2I planning method created by Golden seeks to provide a clear path to retirement security for those saving for retirement, soon to retire, and recently retired. S2I incorporates Rollover IRA savings, personal retirement savings held outside an IRA or 401(k) plan and Social Security into an integrated solution. Golden Retirement Advisors is a Registered Investment Advisor (RIA) that has adopted the S2I planning method and is focused on serving average investors.
For more information on this and other retirement matters, contact GRA at http://www.goldenretirement.com/Gold-consultation.html#rfsws or call 877-263-5576.