How Much More Retirement Income Can You Get?

A savvy advisor recently asked me how much more income a Go2Income plan, with its integration of annuity payments and focus on income distribution, could generate compared to a traditional retirement income plan. Can it be 20% or more?

He remembered my discussion about rules of thumb in retirement planning: One size doesn’t fit all. In that article, I pointed out that the Initial Income Percentage (SIP) for a Go2Income plan is 5% – as opposed to the “4% rule of thumb” that many consultants include in their plans. (That extra percentage point from 4% to 5% equals a 25% gain.)


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