Financial Strategies For Retirement: Tax Deductions & Credits In Brentwood, TN

by PRC Agency PR

One would think that people look forward to retirement, but the opposite is often true; a lot of people dread it because of financial uncertainties. If you’ve also been stricken with anxiety over your retirement, just know that adequate planning can prepare you for a life of comfort…as well as those unexpected rainy days. And the best people to help you make those plans are Goldstone Financial Group’s expert advisors! Start with their tax minimization strategies to make sure you keep your money where it belongs - in your bank - and see where else you can go from there!

Maximize your retirement income by visiting https://www.goldstonefinancialgroup.com/ today!

Failing to Plan is Planning to Fail

If you’re worried about having no money in retirement, your fears are, unfortunately, well-founded. According to a report by the National Council on Aging, more than 17 million adults aged 65 and over are economically insecure, with incomes below 200% of the Federal Poverty Level (FPL). While Social Security benefits lift 16.1 million older adults above the FPL, many Americans remain unaware of tax-saving measures they can take to further increase their retirement income.

Minimize Taxes to Maximize Income

Of course, tax law is hard, and the tax code is constantly changing. To make things more complicated, some sources of income, such as Social Security, pensions, and retirement accounts, may be taxed differently from others.

Luckily, Goldstone Financial Group’s team is full of tax professionals. They’ll help you navigate your tax bills and plan accordingly. Through the firm’s services, you can learn how to take advantage of tax deductions, which include medical expenses, charitable contributions, and mortgage interest.

Oh, and if you’re over 65, Goldstone Financial Group’s advisors will also let you know whether you’re eligible for additional standard deductions on federal tax returns. They’ll leave no stone unturned when it comes to helping you retain your income!

Knowledge is Power

Furthermore, the firm can advise you on tax-deferred investments, required minimum distributions (RMDs), and tax credits and breaks, all of which will, you guessed it, help minimize your tax payments. It’s pretty incredible how much you can save when you know where to look!

Basically, even if you don’t have a clue about tax law, Goldstone Financial Group will do the heavy lifting for you. By helping you develop financial strategies, the firm will also help you ensure that you’ll be able to support your family and your lifestyle throughout your retirement years.

About Goldstone Financial Group

Goldstone Financial Group is a leading provider of financial advice and wealth management services in Brentwood and the surrounding areas. In addition to retirees, the firm builds financial strategies for new parents, small business owners, and families with college-age students.

A satisfied client said: “Goldstone has been outstanding in helping us plan for our retirement. Justin Reppy is very knowledgeable in financial planning and investments of all types. He took the time to explain to us what our best options were for our individual finances. We have a yearly review, and he helps us make adjustments if needed. The whole office is very friendly, helpful, and professional.”

There you have it. Securing your financial future is as easy as giving Goldstone Financial Group a call. The sooner you start planning, the sooner you can start saving, so take this chance while you can!

Visit https://www.goldstonefinancialgroup.com/contact-us/ to get started!

Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website: https://goldstonefinancialgroup.com/ Phone: +1-630-620-9300