Goldstone Financial Group has announced an update to its retirement income planning offerings in Murfreesboro, TN, with the addition of annuity products and advisory services.
More information is available at https://www.goldstonefinancialgroup.com
An essential rule when investing is never to purchase a product without a full understanding of its intricacies. Annuities, being a relatively complex investment vehicle, are recognized as a product that requires the assistance of an experienced financial advisor.
Goldstone Financial Group aims to help individuals learn more about fixed, variable, and indexed annuities, and whether they could be the appropriate choice for supplemental retirement income and a reduction in taxes.
Retirement annuities are insurance products that produce a lifetime stream of guaranteed income; however, with a variety of available options, they can be a wise or a poor choice, depending on an individual’s income bracket, age, and retirement goals.
“The right annuity can be a good choice for someone seeking additional retirement income and a reduced tax burden,” said Anthony Pellegrino, founder and CEO of Goldstone Financial Group. “As with most investments, it’s important to work with a financial professional to fully understand the different types of annuities and determine the best fit.”
Annuities are funded in advance, either through a lump sum payment or a series of payments, which return fixed or variable cash flow during retirement. This can serve as a valuable addition to Social Security, pensions, 401(k)s, and investment portfolios.
Taxes on deferred annuities are due upon the withdrawal of funds, which often makes them a sound strategy. Individuals who choose a fixed annuity can count on a planned income stream, typically for a lifetime.
And while this investment sounds like an ideal choice, it is not without its potential drawbacks. According to Mr. Pellegrino, the vast array of products being released into the insurance market today can make choosing appropriately less of a reliable strategy and more of a gamble.
The registered financial advisors at Goldstone Financial Group operate under a fiduciary standard that provides sophisticated financial advice strictly in the best interest of their clients.
“By working with a financial professional to invest in a goal-aligned annuity product, individuals can establish a reliable income stream that reduces taxes and supports a worry-free retirement,” Mr. Pellegrino added.
Learn more at https://www.goldstonefinancialgroup.com/contact-us
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