Anthony Pellegrino Publishes New Article On Tax Planning

Anthony Pellegrino of Oakbrook Terrace, IL based Goldstone Financial Group has just released an article describing how one can plan their taxes. The article, titled ‘A Tax Upon Your House,’ features a great deal of information from one of the leading advisors in the area of investments and retirement planning. With this time of year being, perhaps, the most important regarding taxes, many people may be looking to gain as much information about their taxes and how best to manage them. Pellegrino’s article explores a number of factors pertaining to taxes and more. Read the article at the following link: http://www.cmsdocs.org/news/a-tax-upon-your-house.

“Many of us sigh with resignation as the accountant shows us the number to write on the check,” Pellegrino says. “It doesn’t have to be that way. Sure, you’ll always owe taxes; it’s the American way. However, there are steps you can take to reduce your liability and keep more money in your pocket.” Tax planning, not to be confused with tax preparation, is the ‘cog’ in the financial planning wheel. It is the center of every successful financial plan, and it is necessary if one wishes to keep their financial plan running smoothly. Compared to the mad rush to get one’s taxes done every April, tax planning involves looking forward to create a proactive strategy that considers one’s tax issues throughout the year.

One of the strategies Pellegrino emphasizes is looking back and looking ahead. While many people choose not to create one, having a tax plan is essential. It does, however, have one major drawback in that it is impossible to predict the changes that will be made to the tax code once one retires. When creating a unique tax plan, one must take a number of things into consideration. The first question usually asked by Pellegrino and the other financial advisors at Goldstone when they meet a new client concerns what the taxable nature of their current holdings is. “When you meet with a new patient, you most likely do a thorough initial exam. Tax planning begins the same way, with a comprehensive review of all your investments and retirement accounts, pinpointing how they’re taxed now and how they’ll be taxed when you start taking distributions,” says Pellegrino.

The second thing to take into consideration is whether or not there are ways to include tax-deferred or tax free money in one’s plan. Depending on the individual goals of the person making the plan, it may be possible to rework one’s accounts to take advantage of different tax structures. There are several other steps outlined by Pellegrino in his article that can make a huge difference regarding taxation. Find out more at the following link: https://www.financialservicedirectory.com/uploads/curriculum-vitae/goldstone-financial-group-274116.pdf.

Anthony Pellegrino is the principal of Goldstone Financial Group. He has dedicated his firm to helping people plan their financial future while also remaining by their side as a partner in achieving their desired results. He helps his clients create and follow financial strategies guaranteed to create consistent, reliable results regardless of the state of the market. He prides himself on putting customers first and holds himself to a much higher standard than most advisors.

Pellegrino has helped more than 1500 clients bridge the paycheck gap during retirement, using accounts with lifetime income features to guarantee earnings and essentially create a paycheck for life. He offers professional asset management using his incredibly diverse portfolio of actively managed accounts and securities. He has consistently been ranked in the top 1% of safe money specialists in the country and was named one of the top 10 advisors in America in 2013.

Goldstone Financial Group offers a number of financial services to help make managing one’s funds an easier endeavor. “At Goldstone Financial Group, we believe your financial future is far too important to leave to chance,” says the firm. “Rather than approach your finances with an outdated, transactional approach focused on particular products, we serve as your comprehensive financial solutions provider, forging a deeper relationship and creating a strategy that can be adjusted as needed to help you reach your unique personal goals. We’re committed to remaining by your side as partners in achieving the results you desire. We view it as our responsibility to thoroughly understand your goals and dreams so that we can leverage our experience and knowledge to help you achieve them.” Read more about Goldstone here: https://www.financialservicedirectory.com/goldstone-financial-group.