In our first episode, James Akers of Akers Financial sits down with Jon "JAG" Gay to cover some of the most common retirement mistakes he sees with clients and potential clients.
We talk about failing to plan meaning you're "planning to fail" and the cliff of retirement. Remember the yodeler game on The Price is Right?
What about not having an emergency savings account? James talks about what happened when his washing machine broke.
Not fully understanding FRA, or full retirement age, with regard to social security is another huge mistake. There are many individual factors that go in to deciding what age to start collecting social security. And that's a decision that will impact your income for the rest of your life. Be sure to check your social security info at the secure government website here: https://www.ssa.gov/
Also, you need to be aware of your tax situation - and how social security and other things can affect it. Working with a team is critical; tax implications can have a huge effect on your bottom line.
If you'd like to have a no-obligation chat with James Akers and the team at Akers Financial, you can reach out to them at https://akersfinancial.net/
Or simply give them a call at 833-51-JAMES. That's 833-515-2637.