Our Plan for Retirement Income not only incorporates investments in bond funds, stock funds, ETF’s and annuities but it also helps retirees how to improve results through deferral of taxes, with lower fees.
Bohemia, NY (PRWEB) April 23, 2013
On April 23, Jerry Golden, president of Golden Retirement Advisors (“GRA”) and developer of the Savings2Income planning method, comments on an article published by Yahoo! Finance, which describes how retirees could convert personal savings to spendable income. He suggests that the planning method, underlying products selected and income specialty of GRA will produce a more attractive Plan for Retirement Income.
The Yahoo Finance! article, which was titled “7 Ways to Turn $250,000 Into Retirement Income” and published on March 29, asked eight financial advisors how they could help someone wanting to generate income from $250,000 in savings. The U.S. Census Bureau says that the average net worth of a 65-year-old with a college education is about $500,000 and at least half of that should be allocated to retirement investments.
The article outlines seven different approaches to investing the hypothetical $250,000 in savings. Some of the advisors chose the option of laddering bonds and purchasing stocks, while others suggested the benefits of annuities. Few seemed to focus on the importance of the process, over products. Advisors of course, have traditionally been trained to sell products. Jerry Golden sees weaknesses in this traditional approach. He offers a different, proven way of securing future income.
Golden says. “The financial advisors in this article unfortunately do not discuss how to secure income in the most tax-efficient ways. Our Plan for Retirement Income not only incorporates investments in bond funds, stock funds, ETF’s and annuities but it also helps retirees how to improve results through deferral of taxes, with lower fees.”
Golden adds “There is empirical evidence to show that a tax and cost efficient plan could increase a client’s spendable retirement income from personal retirement savings by 20 to 50 percent. Our method has proven to be more effective in the long run, than many other plans out there,” he says.
“We can help consumers pick out investment strategies that work for them. For their taxable savings, we might suggest a no load variable annuity. Additionally, “we do not lesson service or neglect the investor with less than $250,000 to invest as many other advisors increasingly do. Our retirement income specialists are happy to answer questions at 1-800-811-3750, or investors can go online at Ask Jerry if they have questions
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. Golden Retirement Advisors is a Registered Investment Advisor that has adopted the S2I planning method and is focused on serving average investors.