What We Do

It's been said that the greatest gifts the federal government gave us (the American tax payer) are IRAs and qualified accounts  (401k, 403b, SEPs, 457s, etc.)  It is probably the single used tool to encourage the general public to plan and save for retirement.  Because Of its immense popularity, over 16 trillion qualified dollars will change hands in the next generation.  Congratulations America on a job well done!  

Unfortunately if you set up one of these accounts- you agreed with Uncle Sam to pay me now or pay me later!' Later is when you take the money out. It was believed that most people who set these accounts up would end up paying less in taxes during retirement - thereby saving taxes.  This is not the actual case with many retirees.  In fact, when required minimum distributions are taken out (and you will be required to take the money) it can cause your Social Security to benefits to go in the taxable column.  This can cause unexpected taxes in your retirement.  There is also the phenomenon of the IRA tax time bomb!  This is where your IRA may be taxed twice!  First with income taxes and secondly if you are in the estate tax levels - it can be counted twice!  This can have a devastating financial effect to your 'intended' beneficiaries.

There is hope - with proper planning.  We can help! 

Planning can come in several different forms and only after evaluating the several options can we make informed decisions.  We can illustrate the benefits of a Stretch IRA Analysis, Insuring the IRA, a Roth Conversion, a Roth Plus and disclaiming options. 

Only working with a trained advisor will enable you to make wise decisions base on your particular situation.

We Are Committed to Meeting Your Unique Financial Planning Needs.

We are a personal wealth management firm that integrates all areas of financial analysis to assist you in managing the "Critical Financial Events" through your life.

Each of our clients enjoy our expertise in assisting them with the following planning areas:

> Retirement Income Planning - provide you a guaranteed income that increases over time while protecting your principal.

> IRA/401k Distribution Strategies - often your largest tax liability, we evaluate your options for tax-free distribution strategies.

> Estate Distribution Planning - strategies that help you structure a meaningful distribution of your assets in the manner you desire.

> Legacy Planning - we assist you in developing a legacy for your family (or charities) that supports your value system in a positive and meaningful way.

Understanding that no one can be "all things to all people" we utilize a team approach of specialists to address each and every one of our client's goals and objectives.  Depending on your circumstances, we may elect to bring in CPA's, Attorneys. Long Term Care Specialists and outside portfolio managers to ensure that your needs are addressed at the highest level.

Goldstone Wealth Management is a registered S-Corporation in Illinois and a Registered entity with the Illinois Department of Financial and Professional Regulations and Illinois Department of Insurance.

Goldstone Wealth Management DOE NOT offers securities and not a broker/dealer registered with FINRA/SEC.  This website is for information only and is not an offer to sell or invest in securities.