Have you been focusing on your financial future and your retirement plans? Many people struggle throughout the day with their jobs. They struggle every month to pay off their student debt. However, it is important to take some time to think about retirement and saving up for it. It may not be the first thing on your mind right now, but in a certain number of years, it will definitely be the biggest thing on your mind. It is important to start paying attention to financial experts like David Giertz and follow their advice when it comes to preparing for retirement.
David Giertz has years of experience with financial advisory and wealth management. He advises that you should make the most out of your 401k or other retirement account contributions. If your company has helped you set up a retirement account, ask your boss to channel a portion of your paycheck directly into your retirement account. This is especially important if you are over forty years old and are approaching retirement age. The reason this works is that you don’t have to deal with disciplining yourself as much. If the money goes into your bank account first, many people will find it difficult to budget correctly so that a good portion of their money goes into their retirement account. People will push off contributing to their retirement accounts until their next paycheck, and then until the next paycheck. They will never get around to doing it, and they will find that they do not have any money in their savings accounts when they need it the most.
David Giertz also says that you have to make wise financial decisions. You have to be able to create a budget and stick to it. You should stop spending money on unnecessary purchases. Do not buy a fancy car when you can not afford it. Get a used car instead. Use the money that you saved on your car purchase to pay off your debts and save for retirement. In the future, you will thank yourself for your previous decisions.
Find out more about David Giertz: https://www.slideshare.net/DavidGiertz2/david-giertz-long-form-biography