Keeping The IRS Away From Your IRA

Goldstone Wealth Management Warns Against The Retirement Ticking Time Bomb

Glenn Ellyn, IL (PRWEB) November 5, 2009 -- Goldstone Wealth Management is inviting the public to protect their retirement accounts from the double and, sometimes, triple taxation that will occur when they pass away. According to Mauricio García, Goldstone’s President, 70 percent to 80 percent or more of the trillions in IRA assets will go directly to the Government. “Start planning now because a retirement time bomb is ticking,” says Mr. García, who has helped more than 1,300 families withdraw hundreds of thousands, if not millions out of their retirement plans without tax, how to get long-term protection without paying annual premiums and find safe retirement savings vehicles while protecting their money from market losses.

Goldstone also warns that one has to be extremely careful to get advice from bankers and stockbrokers. They are NOT IRA specialists and may not know the various options the IRA owner has to distribute and transfer their IRA money.

“The IRA tax rules are extremely complex and often unforgiving. This is not an area for do-it-yourselfers or advisers who may be practicing on you. You'll need an IRA tax expert and you'll have to pay for the advice says IRA Expert Mauricio Garcia.

Unfortunately, the first thing IRA owners think, is "Hey, I have my IRA with a big bank, broker or mutual fund company. Why should I pay an adviser if I can call any one of these IRA institutions and get IRA advice for free?" "They must know all the rules. I'm sure they are looking out for me."

IRA expert Mauricio Garcia said he hears this argument from people every day.
    
"The financial institutions are more clueless than you are" Garcia said. "When this kind of important advice is offered at no cost, it minimizes the value of such services and gives IRA owners the feeling that this is not that important."
    
These institutions are generally investment advisers and not IRA Specialist.

You can always get free advice, but that will cost your beneficiaries their inheritance.

Based in Glenn Ellyn, Goldstone Wealth Management is the IRA Expert in the Midwest and can effectively manage the distribution of assets from Individual Retirement Arrangements (IRAs).

According to the 2008 Retirement Confidence Survey, only 47 percent of Americans know how much money to save for retirement and 51 percent of retirees left the workforce earlier than expected. During his more than ten years of experience, Mr. García has demonstrated a superior understanding of the complicated issues and constantly changing tax laws pertaining to IRAs. Mr. García is a regionally recognized authority on managing IRAs, and is consulted by dozens of clients every month.

As Goldstone’s President, Mr. García has demonstrated a commitment to professional development and strengths in understanding the complicated issues related to taking distributions from retirement accounts. He helps his clients increase their retirement income, reduce taxes and build wealth while lessening risk. Mr. García and his team of IRA experts conduct seminars to educate the public to gain complete understanding in all areas of financial, insurance, tax and legal planning.

Since IRAs were first established, the only thing most advisors and investors have worried about is how to get money into them. Now with baby boomers entering their retirement years, and once secure pensions disappear, investors will have to change their focus to how to get money out of their IRAs correctly and without losing an undue amount of the savings to taxes or penalties. Goldstone advisors not only know what to look for, they know what to do about in every situation.

For more on this topic please visit www.ExpertIRAadvice.com

ABOUT GOLDSTONE: Goldstone is an independent wealth management firm in Glenn Ellyn that specializes in pre- and post-retirement planning. Its founder, Mauricio García, is a financial strategist who assists individuals in wealth accumulation, tax minimization and eventually the transferring of assets to their loved ones and charitable beneficiaries. Mr. García holds a certification from the National Association of Financial and Estate Planners (NAFEP) and one by the Association of Chartered Senior Financial Planners as well as a membership to National Association of Fixed Annuities (NAFA). He is also a registered agent with the Illinois Department of Financial and Professional Regulations Division of Insurance.

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