Savings2Income Offers Advice to Americans Planning to Work after Retirement

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Jerry Golden, developer of the Savings2Income retirement planning method, offers input after a recent survey found that many workers in their sixties are planning to work after leaving their current employment.

On March 9, Jerry Golden, Savings2Income developer, issues a response to a recent survey that finds many people at retirement age are planning to keep working, posing serious questions about seniors’ ability to secure a reliable retirement income.

According to the Tampa Bay Tribune Online article, “Poll: More Americans Expect to Work after Retirement” by Lawrence Sullivan, “The retirement situation for American workers is getting tougher as a new survey finds that more than half of people in their 60s expect to keep working after leaving their current job.”

Sullivan reported the results of a poll conducted by Harris Interactive for CareerBuilder that included more than 680 workers older than 60, and “more than 2,611 hiring managers and human resources professionals.” The results show that 60 percent of those older than 60 are planning to seek further employment “after retiring from their current company,” up from 57 percent in 2012.

More worryingly, the survey indicates that 10 percent of the respondents “don’t expect to ever retire” reports Sullivan. Fortunately, the survey also shows that “companies are being more open to older workers,” finding that 48 percent of the companies polled are planning “to hire workers who are 50 or older” in 2013. The article does state that, “the good news is more companies are willing to keep older workers on staff”.

Jerry Golden, developer of Savings2Income, offers his input on this growing trend of individuals working beyond the so-called “normal” retirement age. Golden says, “The ability to delay electing Social Security benefits until age 70, thereby increasing monthly Social Security benefit payouts, provides those individuals a valuable option. Based on some proprietary analysis, we believe these increases in Social Security benefits for active and healthy individuals are quite generous.”

With the ability to delay distributing their 401(k) or Rollover IRA assets until 70 as well, and with control over personal retirement savings, investors can integrate their work life with their savings. “What investors need is a plan for retirement that presents the complete picture of income from continued work and income generated from savings”, Golden adds.

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 benefits into an integrated solution.


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Chris Spring

John Mulqueen
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