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Following a new PNC Bank study on retirement planning, Jerry Golden, developer of Savings2Income, reminds investors that having a sound Retirement Plan is critically important to their financial well being.
Bohemia, NY (PRWEB) March 20, 2013
On March 20, developer of Savings2Income, Jerry Golden, comments on an article from the Pittsburgh Business Times, which details a new retirement planning study by PNC Financial Services Group Inc.
According to the Pittsburgh Business Times article from March 6 titled “Retirement Planning Takes Backseat,” writer Patty Tascarella says a national study conducted by PNC Financial Services Group Inc. revealed planning for retirement is not a priority for most Americans.
The study, titled Perspectives of Retirement, surveyed over 1,000 adults, ages 35-70, with “over $100,000 in investable assets and at least $25,000 in liquid investable assets,” reports Pittsburgh Business Times.
According to Tascarella, the study found that about 84 percent of those polled had planned to visit a dentist for a cleaning, but only 43 percent said they were going to review investment strategies for retirement.
Jerry Golden, developer of the Savings2Income planning method, says people often forget about the importance of planning for dependable spendable income that lasts a lifetime. “People don’t understand that while regular visits to the dentist are essential to good health, proper retirement planning is essential to living comfortably during retirement.”
A potentially good source of savings is to consider financial assets held outside a 401(k) or Rollover IRA, or what Golden calls personal retirement savings. “Properly managed, these savings can be the difference between a comfortable retirement and one where you just get by,” reported Golden.
Golden also says people should have a retirement plan that creates income to cover your essential expenses, including the costs of Medicare and other medical costs. “If you plan on exercising to stay healthy, you should also have a retirement plan that can help pay for these medical dental expenses,” he says. “Injuries and health problems are a leading cause for debt during retirement. If you break a bone, become chronically ill, or need extensive dental work, all that exercise won’t mean much if you don’t have the money to cover those bills.”
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 into an integrated solution.
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