Find the Income to Insure Against Retirement Risks

When money gets tight, it can be tempting to ditch some insurance coverage to balance your budget. However, that could leave you high and dry. Instead, figure your premiums into your income plan itself.

Woman carefully holding a piggy bank
(Image credit: Getty Images)

You have probably seen TV commercials recently where:

  1. A retired couple decides to drop their life insurance policy in order to create some extra cash.
  2. An ex-quarterback talks about health insurance to supplement basic Medicare.
  3. A recognizable mustachioed actor touts the advantages of tax-free cash through a reverse mortgage.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Jerry Golden, Investment Adviser Representative
President, Golden Retirement Advisors Inc.

Jerry Golden is the founder and CEO of Golden Retirement Advisors Inc. He specializes in helping consumers create retirement plans that provide income that cannot be outlived. Find out more at, where consumers can explore all types of income annuity options, anonymously and at no cost.