David Giertz is the President of Nationwide Financial Distributors. He has over 31 years experience as a financial adviser, and is registered with FINRA as a broker.
In a 2014 interview with Veronica Dagher, a columnist for the Wall Street Journal Wealth Adviser, David Giertz stressed the importance of financial advisers speaking to their clients about social security. He discussed a survey that Nationwide Retirement Institute initiated with consumers of retirement age and within ten years of retirement. The results of the survey showed that most financial advisers were not speaking to their clients about social security. He said it’s important for financial advisers to talk to clients about social security from a retention perspective, because four out of five consumers in the survey stated that they would change advisers if their adviser didn’t discuss social security.
David Giertz explained that some advisers might avoid the topic because social security is a very complex issue and can be hard to understand. However, social security can play a big part in a client’s retirement plan, totaling up to forty percent of a client’s income. The client’s social security income should be included in the retirement planning process at https://soundcloud.com/davidgiertz. If a client starts collecting social security too early, the person could lose up to $12,000 per year.
The survey also showed that many consumers have misunderstandings about how social security works. By discussing this issue on moneytips.com, financial advisers can prevent clients from losing money in their retirement.
David Giertz’s firm, Nationwide Financial Distributors, sells life insurance and annuities, offers investment advisory services, and is a mutual fund underwriter.