The revisions come in light of the evolving taxation landscape for IRA and 401(k) contributions in 2023, which may have an impact on decisions taken when individuals are planning for their retirement. The firm’s senior advisors can also assist in creating more diversified retirement income streams, using a combination of short- and long-term investment strategies.
More details can be found at https://goldstonefinancialgroup.com/
While IRA and/or 401(k) accounts form the mainstay of many retirement savings plans, Goldstone states that many clients are seeking advice following the market instability of last year. The firm’s latest services are designed to help clients understand their options and make more informed decisions about their financial future.
Changes to taxation laws increased IRA contributions to $6,500 as of 2023, rising to $7,500 for individuals who are over the age of 50. For 401(k), 457, and 403(b) plans, employee contribution limits rose from $20,500 to $22,500, with similar catch-up provisions for those who are over 50.
As Goldstone points out, however, many of those plans lost value in 2022, with one report from Fidelity Investments showing average falls of 20%. As a result of consumer concerns, Goldstone’s latest services are designed to help clients understand the long-term advantages of retirement savings plans, while also explaining a range of other investment options.
“Our services consider various sources of income, such as social security benefits, registered investment risk, and growth potential, to create a plan that meets each individual’s unique needs and goals,” a company representative explained. “Goldstone Financial Group specializes in developing these types of plans, so clients can enjoy their retirement free of financial concerns.”
About Goldstone Financial Group
Headquartered in Oakbrook Terrace, Goldstone offers services across a network of seven other offices in the greater Chicagoland region, along with three recently opened locations in Nashville, Brentwood, and Franklin, Tennessee. The firm’s senior advisors specialize in retirement planning, asset protection, wealth management, and investment planning.
“Goldstone, as an organization, has strengthened my financial position in retirement to a level that exceeded my expectations,” one client recently stated. “I want to thank the team for their expert advice and their willingness to keep me well informed of the newest and best investment instruments.”
Interested parties can find more information by visiting https://goldstonefinancialgroup.com/contact-us/
Goldstone Financial Group
18W140 Butterfield Road