It is easy for a person who is in their mid-age to ignore retirement thinking that there is still enough time to think and plan for these golden years. Unfortunately, time waits for no one, and by the time they realize it, reality hits them hard that they need to go home yet they have nothing to sustain them. That is the reason why David Giertz emphasizes on the need of financial advisers getting their clients ready by talking to them about social security. In a recent interview, David Giertz acknowledged the fact that most advisers are often aware of its importance, but unfortunately, fail to tell their clients about it until when it’s too late to go back.
According to one of the surveys that David mentioned during an interview with Wall street journal four out of five clients will switch their adviser for failing to bring up the social security discussion. However, he also cited that maybe the reason they neglect this duty is that, the subject is quite complex and that there are over 27000 rules which one should follow to understand it fully. Nevertheless, it is a topic that they should try and at least explain to their clientele if they want to remain in business.
Reason being it takes out a big a chunk out of their income and in respect to that they won’t hesitate to switch advisers if they fail to carry out their responsibility. Additionally, they lose approximately $300,000 in their retirement benefits because they failed to claim them early enough something that could have been avoidable if their advisors would have counselled them in advance.
About David Giertz
When it comes to retirement and financial advice, David Giertz is your go-to person as he has been in the industry for over three decades. David has worked with various prominent organizations and has helped them achieve significant milestones. For instance, as the president of nationwide financial sales and distribution, Giertz helped the company scale to great heights, and it even generated a $6.8 billion revenue in growth.
Through the three decades that he has been in the financial investments arena, Giertz has gained experience which has seen him build a successful portfolio. Before serving as president, David served other senior positions and is quite lucrative as he holds an undergraduate degree from Millikin University and also an MBA from the University of Miami. David Giertz gives back to the society through his articles which advice people on investing for retirement and other financial security topics. These are just but a few of his achievements in the sector so you can rest assured that he will help steer you out of murky waters through sound financial advice.