Bohemia, NY (PRWEB) May 09, 2013
On May 9, annuity expert and Savings2Income developer Jerry Golden responds to an article published by Annuity News on why people really buy annuities.
According to the Annuity News article titled “LIMRA Shows Why People Really Buy Annuities” published on May 1, this recent study comprised of 1,200 ages 40 and over annuity buyers revealed that their top reason for purchasing annuities was to supplement Social Security or pension income.
Golden says he’s pleased that individuals see the key benefits of fixed payout annuities for current income and variable annuities for future income. My concern that while the reason for purchasing is sound, there are a number of issues to be addressed:
1. How to integrate annuities into a broader plan for retirement income
2. How to best exit from a tax-deferred variable annuity
3. How to determine which annuities and issuers provide the best value for an individual’s needs
Though Social Security and 401(k)s are important for retirement planning, Golden says they cannot generate the amount of income needed for life. “Our Savings2Income planning method accounts for everything and regulates funds coming from each source,” he says. “We help you invest in products that could guarantee you dependable income for life, like annuities. These low cost, tax-deferrable annuities can turn your savings into income and send you on your way to a better 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.