David Giertz Explains Why Financial Advisers Should Talk about Social Security

Updated August 15th, 2017:

David Giertz has been the subject of a new article about retirement planning, but it’s a little different than you might expect. Instead of the typical negative slant about saving money, and living more frugally, David makes the point that you can still live your best life. You just have to be careful, and intelligent about your financial planning. Something Mr. Giertz covers in depth for Norcal.news.

Updated July 1st, 2017:

David Giertz had some sound advice on what his fellow Ohioans can do to invest in themselves earlier than they might think.  If you don’t want to spend your entire life working, and you like the prospect of an earlier retirement without the fear of outliving your money, it’s worth reading David’s insight.

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.

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