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
Some sectors of the population may feel the pain of interest rate hikes, while current retirees, and those near retirement, could actually benefit. Potential homebuyers frowned at the Fed’s mid-March quarter-point rate hike because they can expect mortgage rates to continue to climb steadily, as they have since January. Freddie Mac’s weekly research bulletin shows […]
The post Fed is Raising Interest Rates. How do Retirees Benefit? appeared first on Jerry Golden on Retirement.
Find calmer seas with a retirement plan that includes safe income and eliminate the sour stomach that comes with market corrections In response to the wild market swings caused by inflation and Russia’s attack on Ukraine, most investment advisors are publishing articles about staying the course during volatile times. I’ve found one problem with these […]
The post Choppy Market Impacting Your Retirement Income Plan? appeared first on Jerry Golden on Retirement.
Why do annuity payments belong in a plan for retirement income? There is a very simple answer to that question: Retirees who have annuity payments in their plan feel more confident about their long-term finances in retirement. It seems obvious to someone like me, who is an actuary by training and spent most of my […]
The post Annuity Payments Don’t Make Your Retirement, They Make it Better appeared first on Jerry Golden on Retirement.
Right now, inflation is top of mind for everyone, including retirees. Inflation is important. But it is only one of the risks that retirees have to plan for and manage. And like the other risks you have to manage, you can build an income plan so that rising costs (both actual and feared) do not […]
Numbers rule our retirement decisions, and we usually have questions about them. At what age will we stop working full time? How long of a retirement should we plan for? What do today’s low interest rates mean to our future income? Can we count on a reasonable dividend yield from our stock portfolio? What percentage […]
The post What’s Your Retirement Number? Don’t Just Go By The 4% Rule appeared first on Jerry Golden on Retirement.
An article in The New York Times, “How to Enjoy Retirement Without Going Broke,” is a reminder that experts — from Nobel Prize winners to financial advisors — are challenged by planning for retirement income. It also showed that those who provide investment advice are stymied by this almost universal problem for a large part […]
The post Even the Experts Can’t Figure Out How to Plan for Retirement Income appeared first on Jerry Golden on Retirement.
The news about the stock market has been wonderful for a lot of your retirement savings. The portion of your portfolio invested in the stock market has recovered from the thrashing the pandemic delivered and, if it followed the broad market, it has reached new highs. However, other aspects of the economy aren’t necessarily the […]
The post Lower Your Future Income Risk by Taking Action Now appeared first on Jerry Golden on Retirement.
I have some friends who developed a wonderful estate plan for their kids that involves the purchase of a large survivorship life insurance policy. However, because of today’s lower interest rates, the projected premiums on their policy have increased significantly. That means some of the money they were putting into a 529 plan might have […]
That amount of money could change your life. Let me help. Many retirement plans allocate your savings to varied stock and bond portfolios and, based on historic averages, tell you how much income those assets might generate until you reach a certain age, such as 90. That planning does not typically account for unexpected expenses, […]
The post How to Generate an Extra $20,000 a Year in Retirement appeared first on Jerry Golden on Retirement.
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 […]