Villa Rica Financial Advisor Helps Retirees Avoid Common Retirement Mistakes

Sep 30, 2013, 12:13 ET from The Safe Money Man

VILLA RICA, Ga., Sept. 30, 2013 /PRNewswire/ -- Michael Drayton, The Safe Money Man, has released his newest website, to help retirees and business professionals avoid paying more than they owe in income taxes.

According to the Social Security Administration, 96% of Americans are not able to fund a retirement that will last their lifetime. Drayton recognizes that there is a lack of proper knowledge on how to correctly handle their finances when they retire or change jobs, even though many retirees have stockbrokers, accountants and lawyers. This leads many pre-retirees and retirees to make all-too-common mistakes when it comes to planning their retirements.

"In today's world for retirement planning, there are two viewpoints: You either risk your retirement or you protect it," said Drayton. "After the last 10 years of economic uncertainties, my approach is geared to help educate and guide my clients with the common sense approach that continues to give them peace of mind."

Drayton outlines these common mistakes to avoid:

  1. Listening to the Wrong Person
  2. Not Understanding Tax Consequences
  3. Choosing the Wrong Pension Option
  4. Not Doing Consistent, Careful, Ongoing Planning

Along with sharing stories and examples detailing these four common retirement mistakes, Drayton also thoroughly describes how to avoid these mistakes. He also provides a step-by-step sequence to win the retirement game. 

"What you don't know about the rules of retirement planning can financially bankrupt you. With these four easy steps, you will see a dramatic change in your retirement savings," said Drayton.

Many retirees or those nearing retirement aren't familiar with this sequence and are hurting from it. Retirees who are looking to make the most out of their savings should contact a local and licensed financial advisor to learn how they can avoid this common retirement trap.

Michael V. Drayton is the President and Founder of The Safe Money Man in Villa Rica, Georgia.  Since 1992, Michael has been helping individuals from across this nation plan their retirement.  Michael specializes in the areas of IRA and 401(k) distribution, tax strategies and income planning.  Michael is licensed in the states of AL, GA, LA, MI, OH, TN, TX, VA, WI. You can contact Michael for more information or to schedule a consultation at (877) 522-3914.

SOURCE The Safe Money Man