Jerry has been involved with annuities since an initial assignment as a young actuary to price an immediate annuity. He was impressed with the ability to match assets and liabilities, which benefitted both the purchaser and the insurer. He recognized the risk that insurers were taking because of the potential increase in lifespans, and the risk pooling purchasers were benefitting from when buying an annuity. He watched the business become more competitive as additional companies created products, along with the movement to "new money" pricing, and more frequent pricing changes. He was responsible for some of the innovation and holds two patents regarding these types of annuities.
Jerry was president of the Income Management Strategies Division of MassMutual, where he developed the patented Retirement Management Account, described by Cerulli Associates (recognized experts in researching worldwide asset management and distribution trends) as the "quintessential managed account platform for retirement income."
As an executive vice president of AXA Equitable, he led development, management and marketing of the Accumulator Variable Annuity, which reached $15 billion in annual worldwide sales. With this innovation and others, Jerry has been called "the father of modern variable annuities".
Jerry founded Golden Retirement, LLC and organized its two subsidiaries (GRA and 2IAG) to deliver a plan for retirement income with more income and less risk by integrating annuity payments into Income Allocation planning. By combining both online planning with support from Advisor-Counselors GR can deliver and manage these plans at lower cost than traditional plans. Further, GR can reduce the retirement tax rate by recognizing the tax benefits of income annuities in its planning.
Jerry has appeared on CNN, Fox News, and Bloomberg Radio, and he and his research have been featured in many leading financial publications, including Kiplinger's Retirement Report, Financial Planning, Investment News and others, as well as numerous consumer-oriented publications and daily newspapers. His proposal for Social Security reform appeared in Bloomberg News online.
Over thirty of his blogs have been published on Kiplinger.com.
Jerry Golden's Recent Articles
With a great many investment portfolios down 15% or so, what can retirees do to make up for that lost source of income? Now that COVID-19 has officially changed everything, let’s talk about how you can maintain as much of your retirement income as possible. The combination of factors we have witnessed is almost overwhelming. […]
An impressive year in the stock market concluded the decade with a bang, which means it is a good time to ask yourself, “Are my retirement plans better off in 2020 than they were a year earlier?” Along with a Dow Jones above 28,000, we have witnessed two other noteworthy events: Advisory firms are developing […]
The post End of Decade Closes with Three Surprises for Retirement appeared first on Jerry Golden on Retirement.
Going through the process of creating an income plan for your retirement does not mean you are done when the numbers on paper meet your immediate expectations. A successful plan depends on regular analysis and adjustments. Both might be required either because your goals change, or the world shifts. That is the benefit of an […]
Many clients and friends ask my guidance about Social Security – particularly the question of whether they should claim their benefits early or late. I have crunched the numbers. And I have not come up with a one-size-fits-all answer – because there isn’t one. It turns out the best way for you to get the […]
The post What’s the smartest way to claim Social Security benefits? appeared first on Jerry Golden on Retirement.
When dealing with percentages, an offer that sounds good at first may turn out to not be so great, depending on where you are in your retirement planning. As you accumulate savings, for instance, you’re looking to generate growth in your account and so you may hire an investment advisor to help you make the […]
When you sit down with a traditional financial advisor to plan your retirement you will provide her with the spending budget you have in mind. The advisor will adjust that amount for inflation and after running through a “black box” model, will predict how many years your retirement savings – typically made up of cash, […]
A reporter called me to ask whether investing in a QLAC would reduce a retiree’s RMDs and the tax that must be paid on them. The short answer is Yes. The complete answer is, think about the QLAC decision as part of a broader consideration of your retirement finances. Properly combined with your IRA investments, […]
The post How to reduce taxable RMDs and improve your retirement income plan appeared first on Jerry Golden on Retirement.
For all the saving and planning you do to prepare for retirement, there remain two questions that are impossible to answer about the strength of your plan: What will the stock market do during my retirement? Will I outlive my savings? A lot of planning expresses those risks like this: “Under our Monte Carlo analysis, […]
The post A step-by-step guide to building your retirement income plan appeared first on Jerry Golden on Retirement.
A recent New York Times article discussed ways to improve your retirement with investments in low-cost index funds. While it’s hard to argue against lower-cost funds for your stock market investments, particularly if they outperform higher-cost actively managed funds, the planning for earning high investment returns should start long before you choose a fund. If […]
The post 5 ways to improve your investment returns in retirement appeared first on Jerry Golden on Retirement.
News from the financial world has been confusing lately. Is the economy strong or about to bust? Is the inevitable recession close or still years off? What will the Fed do about interest rates? We do know that over the past eight months, interest rates have decreased. That helps homebuyers, and homeowners who are refinancing […]
The post What will happen to your retirement if the Fed lowers interest rates? appeared first on Jerry Golden on Retirement.