Statistics reveal 60 percent of today’s Americans plan to rely on Social Security as their main source of income when they retire; however, the average monthly income Social Security provides is just over $1,600. It is clear Social Security alone is not enough to sustain a comfortable retirement, which is why the retirement planning experts at Goldstone Financial Group have announced specialized financial advisors, available at their Franklin, TN office, to help residents build up their assets and other accounts through a goal-oriented, personalized retirement plan.
More information is available at https://www.goldstonefinancialgroup.com
In September 2022, the Dow Jones Industrial Average fell into bear market territory. These conditions, combined with prevailing inflation and high interest rates make retiring and retirement planning a challenge. To meet the unique needs of today’s individuals looking for advice on what to do now to make the most of their future retirement income, Goldstone Financial Group in Franklin, TN announced dedicated financial advisors.
This new team of experts can help Franklin residents understand the impact of inflation on their savings and investments. They’ll explain important terms such as their sequence of returns risk and IRA adjustments, and can introduce new savings and investment options that can make a significant difference once the client is no longer receiving a paycheque.
By developing a personal Retirement Roadmap, Goldstone advisors help their clients achieve their retirement lifestyle goals regardless of market fluctuations. Services include a blend of strategies designed to create a diversified portfolio that ensures a reliable income stream.
Beyond maximizing their clients’ Social Security benefits, Goldstone advisors offer expertise in pension plan terms, annuities, personal savings and investment opportunities, and provide guidance on employer-sponsored retirement plans and other potential assets.
Additionally, with the IRS announcing higher IRA contribution limits that now apply to both traditional and Roth IRAs, Goldstone advisors can help clients who’ve yet to take advantage of this vehicle choose the best accounts. For those who’ve set up their IRAs, advisors can help clients make the necessary contributions for more favorable yields.
The team at Goldstone Financial Group say retirement income planning is a complex process that requires expert guidance, especially in today’s economy. With a dedicated financial advisory team in place at their Franklin, TN office, individuals at any stage of their career lifecycle can develop a plan now that maximizes their retirement income over the future.
Learn more at https://www.goldstonefinancialgroup.com/contact-us/
Goldstone Financial Group
18W140 Butterfield Road
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.