Savings2Income Releases Statement on Retirement Income as Ford CEO Plans for 2014 Retirement

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Savings2Income releases on retirement income as Ford CEO Plans for 2014 retirement.

On November 16, 2012, Savings2Income released a statement on retirement income as Ford Motor Company CEO, Alan Mulally, plans for a 2014 retirement.

According to Alisa Priddle of the Detroit Free Press, “Mulally's retirement date was the subject of much speculation across the industry with the widely held expectation he would step down at the end of 2013. The company now has extended the tenure of 67-year-old CEO Alan Mulally at least until the end of 2014, making the longest-serving Ford CEO since Henry Ford II held the reins for 34 years.”

While news of Mulally’s retirement was a cause for speculation regarding Ford’s future, whenever a high ranking executive retires there’s always a question of where the usually large retirement benefits come from. Since qualified pension benefits and 401(k) contributions are limited by law the retirement benefits usually are supplemented by non-qualified benefits.

Savings2Income founder, Jerry Golden, whose experience includes years of helping corporations fund these benefits, addresses the issue of whether average investors have opportunities to supplement their qualified retirement benefits. He issued the following three points:

1.    For highly regarded executives, corporations often are willing to pay the taxes on the funding of the non-qualified benefits. Average investors need to use any after-tax savings they can set aside.

2.    Corporations typically have the benefit consultants and advisors, generally not available to average investors. However, planning methods like Savings2Income bring some of the more effective retirement planning methods to average investors.

3.    In terms of funding vehicles, the average investor (assuming they have money to invest beyond their 401(k)) has a very efficient financial instrument to accumulate these non-qualified savings- a no-load variable annuity.

For workers becoming increasingly concerned with their own benefits, the Savings2Income retirement planning program is available. The Savings2Income method is designed to help those that are planning for retirements create the most dependable, spendable income for a worry free living post-employment.

Golden Retirement LLC was founded by Jerry Golden to create innovative financial products and services focused on the wealth accumulation and retirement income needs of broad segments of the U.S. population. The company has sponsored the Savings2Income website and is launching its own registered investment advisor, Golden Retirement Advisors.

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Chris Spring

John Mulqueen
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