Bohemia, NY (PRWEB) December 27, 2012

On December 27, Savings2Income reacted to some of the changes that will take place in 2013 for retirees.

According to an article from US News, retirement benefits will change in a variety of important ways in 2013. Some of these changes include higher 401(k) and IRA contribution limits, better access to the savers credit, bigger pension insurance limits, larger social security checks and larger Medicare premiums and coverage.

People with 401(k)s will also receive quarterly statements on their accounts, along with investment information. There will also be an increase to Roth IRA limits. The earnings limit for Roth IRA contributions will increase by $ 2,000 to $ 127,000 in 2013 for single people and heads of household, the article stated.

Social Security checks will also no longer come in paper form, as of March 1. Instead of mailing paper checks, people will receive Social Security through a direct deposit into their bank accounts or applied to a debit card.

After reading this article, Jerry Golden founder of Savings2Income responded by saying, People who are currently retired shouldnt really worry about these changes, but they should remember to keep up with investment opportunities and keep track of their retirement funds, Golden said.

However, Golden did add that because of likely tax increases on dividends and capital gains for some investors still saving for retirement, they ought to consider tax deferred strategies for savings outside a 401(k) plan. Consider a no load variable annuity from companies like Fidelity, TIAA-CREF or Vanguard.

Also, for those already retired, healthy investors might consider fixed payout annuities for a portion of their savings. They can provide an attractive cash flow and the same direct deposit as Social Security is providing, Golden added.

An innovative planning method that was created by Jerry Golden to benefit those recent retirees and those soon to retire called Savings2Income, seeks to provide a clear path to retirement security, and incorporates qualified savings, personal retirement savings and Social Security into an integrated solution