Northbrook Financial Advisor For Retirement Planning, Tax Strategies Announced

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A renowned financial consultancy serving the Northbrook, IL, area (630-620-9300) announces updated services for clients hoping to reduce taxes on their retirement annuities.

Following the latest announcement, Goldstone Financial Group provides expert guidance on investment options and tax minimization to retirees looking to increase disposable income in their later years. The company helps clients employ smart tax optimization strategies for tax-deferred growth and a dependable income stream in retirement.

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The recent move reaffirms the company’s commitment to helping clients identify the most suitable products for both fixed or variable-rate annuities, ensuring that investment risk is balanced with a robust strategy for long-term growth. With taxes due on the withdrawal of funds, Goldstone Financial Group is on hand to advise clients on how to minimize these liabilities.

According to CNBC, annuity sales hit record highs in 2022, reaching $310.6 billion. This growth reflects today’s economic uncertainty as stocks and bonds falter and fears regarding recession loom larger in the public consciousness. Rising interest rates have also benefitted annuity investors, providing a more lucrative alternative to falling stocks. Naturally, these developments have resulted in individuals’ growing preference for fixed-rate products over variable ones that are tied directly to the stock market.

With each retirement income stream subject to its own tax regulations, managing annuity liabilities can be confusing and complex. As such, Goldstone Financial Group’s expert team strives to simplify the financial jargon and technical aspects of annuity taxation and helps clients ensure that they are not paying more than they should with their IRS contributions.

The team can also advise on deductions for medical expenses, charitable contributions, and mortgage interest alongside standard reductions that should be made for over-65s. A number of other tax breaks could also be available, such as the earned income tax credit, saver’s credit, retirement savings contributions credit, and, in some states, a property tax exemption for seniors.

Goldstone Financial Group is proud to offer a complimentary tax consultation to clients, outlining the essential concepts of increasing income and minimizing contributions in their later years.

About Goldstone Financial Group

Led by founder and CEO Anthony Pellegrino, the company has been offering specialist retirement planning services and wealth management solutions since 2008. The Goldstone team adheres to the highest ethical standards and transparency obligations in its advisory work.

A spokesperson says, “Understanding tax laws and finding opportunities takes a full-time commitment. We provide tax planning services with a keen awareness and command of tax law and how it pertains to your investments.”

Additional details can be found at