Oakbrook Terrace Retirement Planning, Wealth Management Team Announced
As a recent survey published by Bankrate indicates that 55% of Americans are behind on their retirement savings, Goldstone Financial Group is now offering comprehensive retirement planning for clients in the Chicagoland area.
More details can be found at https://goldstonefinancialgroup.com/
The firm appreciates that retirement planning is made even more challenging – but at the same time even more crucial – by the current economic turmoil. In its study, Bankrate said that the main reason for Americans being behind on their retirement savings is “the skyrocketing level of inflation,” pointing to the 8.3% inflation rate in 2022. As such, Goldstone Financial Group believes its retirement planning services can help individuals diversify their income sources and minimize tax liability for a stable retirement income despite inflation.
“A well-designed plan can ensure that your essential expenses are covered while also providing for your desired lifestyle,” says a Goldstone representative. “Goldstone Financial Group specializes in developing these types of plans. Our retirement income planning services consider all sources of income to create a reliable income stream.”
Since having multiple sources of income reduces risk, Goldstone’s financial advisors will create a comprehensive retirement plan which – depending on the client’s goals and financial situation – will consist of Social Security benefits, pensions, personal savings, rental income, and other income streams.
For those clients who want to further diversify their retirement income streams, Goldstone’s financial advisors can recommend both short- and long-term investments which are in line with the client’s risk tolerance. “As a general rule of thumb, you may want to allocate a larger percentage of your portfolio to long-term investments if you have a longer time horizon, and a larger percentage to short-term investments if you are nearing retirement,” a spokesperson added.
The firm also believes that for any sound retirement strategy, tax planning is essential. To that end, as part of its retirement planning packages, it provides custom tax plans to maximize deductions and minimize tax liability.
About Goldstone Financial Group
Founded by CEO Anthony Pellegrino, the firm has offices across Illinois and Tennessee. Offering wealth management, investment planning, and tax planning, among other financial advisor services, it has been in business since 2008 and operates under the duciary standard.
Interested parties can learn more at https://goldstonefinancialgroup.com/contact-us/
Goldstone Financial Group
18W140 Butterfield Road
Oakbrook Terrace
United States
COMTEX_434544689/2764/2023-06-07T17:37:42