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
Keep a generous amount of your savings in the stock market, but make stocks only part of your retirement income plan to manage the risks. Gambling can be a fun little pastime between friends — or a disaster. There’s a difference, for example, between losing a $100 bet on your favorite NFL team and running […]
The post Don’t Bet Your Retirement on Stocks: Follow These Four Tips appeared first on Jerry Golden on Retirement.
To be or not to be secure in retirement … Income planning is critical, and that means testing different strategies and products to get your best outcome. It’s a mistake to think about retirement only in terms of your savings. I’ve written about this before, but many people — including a lot in the media […]
The post Do You Have Enough Income to Retire? That Is the Question appeared first on Jerry Golden on Retirement.
How you handle your pre-tax and after-tax accounts can make a big difference in your income in retirement and the legacy you leave. As you formulate your plan for retirement, you may be pleased with the amount of money saved over your working life and now invested in your after-tax investment accounts, IRA/401(k) accounts and […]
The post Remember: Retirement Accounts Are Not All Taxed the Same appeared first on Jerry Golden on Retirement.
When you plan your retirement and do not distinguish between accounts with pre-tax and after-tax savings, you are likely to make less-than-optimal choices of financial products and product allocation. The wrong choices could lower your spendable income and after-tax legacy. As you formulate your plan for retirement, you may be pleased with the amount of […]
The post Retirement Accounts Are Taxed Differently. Plan Accordingly. appeared first on Jerry Golden on Retirement.
Let’s take a close look at ways to create the liquidity necessary in your income plan to cover big-ticket items later in retirement, such as long-term care. I’d like to make one thing clear. Every retirement income plan I design is to provide lifetime income. A retirement plan doesn’t last for 10 or 15 years, […]
The post Can Your Retirement Income Plan Cover Unplanned Expenses? appeared first on Jerry Golden on Retirement.
I posed some retirement planning questions to ChatGPT. The results? A good start, but human intervention is needed. (It also had some things to say about me and Go2Income.) We are inundated with articles about AI on television, in print and online. Will it impact your work, improve medical outcomes or be the end of […]
‘Longevity insurance’ ensures you don’t run out of money in retirement. How to figure out how much you need, the types of annuities to use and when the income should kick in are tricky questions, though. Our calculations are based on the Go2Income planning method to develop plans, estimate annuity rates and prepare comparisons. As the saying […]
Planning that integrates income annuities can help alleviate the No. 1 fear of retirees, even in worst-case investment scenarios and when living way beyond your life expectancy. (Our examples use Go2Income to develop plans, estimate annuity rates and prepare comparisons.) Some people make retirement seem like so much carefree fun. And ideally it is a time to […]
The post Are You Worried About Running Out of Money in Retirement? appeared first on Jerry Golden on Retirement.
Let’s explore how to figure out how much income your savings can generate at retirement and how to build a better plan when retirement is five or 10 years away. The earlier you get serious about retirement income planning, the better, whether you are in your 50s, or in your 60s but delaying full retirement. […]
The post To Create a Better Plan for Retirement Income, Start Earlier appeared first on Jerry Golden on Retirement.
I created the Go2Income planning method to help people generate more spendable income in retirement and at the same time make the process more efficient for both retirees and advisors. Now ChatGPT and other artificial intelligence programs have been introduced that, some influencers say, will replace Go2Income and advisors with AI solutions that produce even […]
The post Don’t Hand Off Your Retirement Income Planning to AI Just Yet appeared first on Jerry Golden on Retirement.