Many advisors are not talking to their clients about social security. David Giertz points this out during an interview. It is important for financial advisors to talk to their clients about this topic. According to a survey conducted by Nationwide Financial, clients said they would change their advisors if they knew they were not talking to them about social security.
This discussion is important because many people are losing money. Additionally, the social security handbook has about 1200 rules. For clients to read and understand it is quite impractical. They need a knowledgeable person to explain to them the technical parts.
David emphasizes that people need to set up retirement plans that maximize social security benefits. It will be unwise to use the same reasoning as there was several years back. People thought retirement just needs little planning. The pension is no longer reliable because it is depleting quickly. One of the reasons could be receiving benefits that are less than expected.
Another strategy people need to know is that they should wait until they are within the government’s age of retiring. This age is between 65 and 67. These ages or beyond will certainly give one a bigger monthly check. Some people want to receive their benefits at the age of 62. They end up missing out on a large amount of money. Such kind of information is what financial advisors should be telling their clients.
David Giertz is an expert in financial services. He has been working in this industry for more than thirty years. David is good at strategizing and innovation. Through his processes, profitable growths have been realized. For instance, David is working for Nationwide Financial; he began with eleven billion dollars and grew it to eighteen billion dollars.
David has also transformed other mutual funds, annuities, retirement plans, life insurance, and specialty markets. David may enjoy working in the corporate sector, but he is also interested in other areas. He served the community by chairing Millikin University board of trustees. David is an alumnus of Millikin University. It is where he got his Bachelor of Science. He also has an MBA from the University of Miami.