Goldstone Financial Group on IRAs and 401Ks
Goldstone Financial Group, with offices in the Chicago area, is focused on creating a comprehensive investment plan for its clients.
– This “Saturday Morning Extra” is paid for by Goldstone Financial Group.
RYAN CHIAVERINI: Hello and welcome to “Saturday Morning Extra”. I am Ryan Chiaverini. Well, do you have an IRA or a 401 (k)? You want to think of it as your money, but it’s really a joint account between you and the IRS.
Here’s to talk about it Anthony Pellegrino of Goldstone Financial Group in Chicago. And they’ve been featured in “Forbes” and “The Wall Street Journal”. and they have been recognized three times as a five star fortune manager in “Chicago Magazine”. Anthony, always happy to see you.
ANTHONY PELLEGRINO: Hey, Ryan, thanks for reviving me.
RYAN CHIAVERINI: Now, is it true that people could be paying a lot more in taxes on their IRAs and 401 (k)? Much more than they know?
ANTHONY PELLEGRINO: Yes, Ryan, you are right. People could be paying a lot more tax on your retirement accounts than you think. Because remember, you contributed to your IRAs and 401 (k) for years but didn’t pay, you know, a single dollar of tax on that money.
Now Uncle Sam wants his share, but how and when to withdraw money from your IRAs and 401 (k) s could have a huge impact on how much you pay in taxes versus how much you keep in your poached. So if you don’t take defensive measures to protect yourself now, the money you rely on to help pay for your retirement might be only a fraction of what it is today.
RYAN CHIAVERINI: Now, how can our viewers save tax money with these accounts? Because everyone wants to save money.
ANTHONY PELLEGRINO: Absolutely, Ryan. It really comes down to the difference between tax planning and tax preparation. Now most Americans, Ryan, prepare and file their taxes every year with their accountant or CPA. But other than a few deductions that they save a few bucks on, they’re actually just reporting the history of what’s happened before, aren’t they? It’s in the past.
It’s a bit like driving a car, looking in the rearview mirror. This is what is behind you. Well, we are looking directly through your windshield at what is in front of you, what awaits you. And we act, you know, before it happens.
Now the way you could save a lot of money in taxes in retirement is to start tax planning. Strategies for what lies ahead. And you have a short window of opportunity right now that could mean significant tax savings for you.
RYAN CHIAVERINI: Okay, tell us about the opportunity right now.
ANTHONY PELLEGRINO: Well, Ryan, there is a perfect economic storm. You know, it’s a combination of a stock market experiencing a major downturn and the lowest tax rates in over 40 years. And when you add them up, it creates a tremendous opportunity to help you save a fortune in taxes on your IRAs, 401 (k) s. Ryan, I’ll give you a quick example.
We recently helped a local couple from the Chicago suburbs come to visit us. And with defensive tax planning, the result could help them save $ 238,605 to be exact in taxes with their retirement accounts. But that’s the impact that tax planning could have on your nest egg.
RYAN CHIAVERINI: Over $ 238,000 would do a lot for your retirement.
ANTHONY PELLEGRINO: Long road. But Ryan, this is just one example of many. The savings could be substantial. I mean, you could save tens of thousands, even hundreds of thousands of dollars. And we see tax savings like that all the time.
RYAN CHIAVERINI: Okay, so how can our viewers benefit from these tax planning strategies?
ANTHONY PELLEGRINO: Well, we’ll show your viewers exactly how much money you could save with our Retirement Account Analysis. And here’s how it works. We collect basic information from you directly over the phone during a phone call or Zoom meeting like this. And with this free analysis, we’ll show you defensive tax planning strategies that could help you save a small fortune with your IRA, 401 (k), and other tax-deferred account. Just like the example I just gave of this other local couple.
Now, Ryan, here’s the trick. Some advisors charge thousands of dollars for a personalized scan and many others don’t even offer it. But we’re going to cover 100% of the cost for the first 20 qualified ABC viewers who call us today. Now, I would like to do this for everyone, but to save time it’s just not possible.
You know, call us to schedule your retirement account analysis now. Our team is at your disposal to answer your call.
RYAN CHIAVERINI: All right, Anthony, let’s recap. Do you have an IRA? Do you have a 401 (k)? Find out exactly how much money you can save in taxes with a free retirement account analysis from Goldstone Financial Group. This can be done by phone or video conference.
To get this free analysis, if you’ve saved over $ 250,000, now be a top 20 caller at (630) 934-1584. It is (630) 934-1584. Antoine, very good information. Thank you for joining us again.
ANTHONY PELLEGRINO: Hey, my pleasure, Ryan. Great to see you.
RYAN CHIAVERINI: Very good. For “Saturday Morning Extra”, I’m Ryan Chiaverini. Till next time.