Personal Savings Expert and Savings2Income Developer Jerry Golden Featured in Fox Business News

Jerry Golden, the developer of leading personal retirement savings method Savings2Income, discusses how to plan for a dream retirement in a recent Fox Business News article.

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It’s imperative that people understand that retirement is a priority, whether they are 25 or 65...

Bohemia, NY (PRWEB) April 19, 2013

On April 19, Jerry Golden, developer of personal retirement savings method Savings2Income and president of Golden Retirement Advisors, LLC, offers advice for investors looking to plan for a comfortable retirement.

In an article published by Fox Business News titled “Planning for Retirement: Where to Start,” Golden says it could be extremely hard to visualize life during retirement. The key is that planning is a process, not a one-time event.

“There are many variables to consider before and after retirement,” he says. “Before retirement, you need to consider how much you can save, what you can earn on those savings, and other investment matters. In retirement, you also need to consider your expenditures for basic living expenses, plus unexpected medical costs and financial burdens due to extra dependents or unexpected tragedies.”

Either way, Golden says your retirement plan could change over the course of time, so it’s important to make updates. “You should also keep your fees low, your investments diversified, and defer your taxes on retirement savings,” he says.

The article says Generation X and Generation Y started making contributions to retirement funds earlier than baby boomers. “It’s imperative that people understand that retirement is a priority, whether they are 25 or 65,” Golden says. “You have to estimate how much money you will be making after retirement including Social Security and personal savings. From there, you have to ensure you have money to cover necessary expenses. Chances are, you won’t. So you have to design a plan that can fill the missing gaps.”

Golden says employer retirement plans or defined contribution plans are no longer enough to support an entire retirement. “These plans are definitely needed, but they are not going to sustain funds for your entire life. You have to look at other options to generate income,” he says. “For instance, our Savings2Income method can convert personal retirement savings into spendable income. The plan relies on low cost best-in-class annuities and could really help you increase the potential for a dream retirement.”

An innovative retirement planning method called Savings2Income (S2I) created by Jerry 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.
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