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
For two generations, people have been saving for retirement. Originally, indirectly by their employer; and then on their own. After WWII, the middle class of the Silent Generation enjoyed a great economy and often also benefited from the company pension, which promised to guarantee secure income in the after-work years. Baby Boomers began to lose […]
You know how much income you need and what kind of legacy you want to leave, but what you don’t know is if you might be able to hit those targets. Here’s one way to find out. Everyone has retirement goals, but the big question is, are they attainable? Take the 70-year-old woman I wrote […]
The post Name Your Plan – Select Both Retirement Income and Legacy Target appeared first on Jerry Golden on Retirement.
Don’t Panic, A New Legacy Income Planning Tool Helps You Manage Your Retirement Advisor Perspectives magazine reported last month that you will need much more in retirement savings today to produce the same amount of retirement income. Three times more! Current low interest and dividend rates simply make it impossible, the article said, to replicate […]
With Go2Income’s Planning, Lower Fees, and Lower Taxes, You Can Get All Three Our wish is for the New Year to bring less chaos and disruption and more satisfaction, even as we acknowledge that many of those hoped-for gains will require new thinking and energetic approaches. Come with me as I examine some new thinking […]
The post The Retiree’s Trilemma: More Spendable Income, Less Risk, or More Legacy? appeared first on Jerry Golden on Retirement.
A 50% Increase in Spendable Income is Possible Income Allocation Can Make It Happen Creating more spendable income in retirement does not have to be risky. As you will see from the example below that I used in a webinar a few months back, shifting investments from taxable bonds to annuity payment contracts resulted in […]
I want to reinvent retirement income planning for women. Women have a lot going against them — much more than men — when it comes to creating enough income to last through their retirement years. Set out below is a list of some of the impediments women must overcome, along with solutions that will provide […]
The post A New Approach to Retirement Income Planning for Women appeared first on Jerry Golden on Retirement.
Your retirement income plan starts here with a primer on Income Allocation planning, my method of creating a reliable stream of income big enough and steady enough to last you through retirement. I have been working a long time on retirement planning that creates more and safer income for retirees. So long, in fact, that […]
The post How to Turn Your Retirement Savings into Retirement Income appeared first on Jerry Golden on Retirement.
Women Generate High Retirement Income Nearly Tax-Free! IRS Tax Rules Favor Females One of the lessons that women learn as they make plans to convert their retirement savings into income is that they should plan for lower income than a man might take from an account of the same size. That’s because women live longer, […]
How to find $1 million! Smart Income Planning Frees up Cash I told my wife that I made $600,000 in a call I just had with my bank. As usual, she was incredulous. No, I’m not a day trader, investing in commodities or oil futures. I had called my banker to ask whether we could lower the […]
More spendable income! Income Allocation Reduces Your income Tax Bill Figuring out the U.S. tax code is no easy matter, but the key to understanding is the phrase “income tax.” You’re taxed on income, and not wealth (at least for now) or asset values. Let’s consider the tax treatment of the major sources of retirement […]