David Giertz Shares Advice On The Importance Of Social Security Benefits

Addressing the need for financial advisors to tackle the issue of social security with clients, David Giertz, president of Nationwide Financial’s Sales & Distribution, called attention to the impact not discussing the option with clients would bring about.

 

In an interview with the French Tribune, Giertz emphasized when financial advisors do not take social security retirement benefits into account during their conversation, it may result in a negative impact to both the clients and the advisors.

 

Giertz highlighted a recent study by Nationwide Financial Retirement Institute that determined four in five financial advisor clients would change advisors if the advisor did not include social security income in their retirement.

 

He went on to make it known how vital it is for advisors to discuss social security benefits with their clients as the benefits may compromise up to 40 percent of the clients income during retirement.

 

What’s more Giertz explained people may lose an amount equal to $300,000 in lost benefits over their retirement years should they start obtaining their retirement benefits too early.

 

According to Giertz while the handbook for the program contains 2,700 rules and guidelines in the social security area and many advisors find the amount overpowering, they should learn as much as possible about social security and assimilate the program into their discussions.

 

With more than three decades as a broker and financial advisor, Giertz began his career at Citigroup spending more than ten years starting as a financial services advisor and ending as executive vice president of sales.

 

He earned an MBA from the University of Miami and a BS from Millikin University.

 

Giertz has been involved with community organizations such as the Board of Trustees at Millikin University as well as the Board of Directors for the Girl Scouts. His interests include photography and keeping up with the industry. https://angel.co/david-giertz

 

Leave a Reply