David Giertz Shares Insights on Retirement Planning and Social Security

David Giertz, the President of Nationwide’s Financial Distributors has an explanation as to why financial advisers are not talking to their clients about Social Security, and what it means to the consumer. In an interview with Veronica Dagher, a columnist and wealth adviser for the Wall Street Journal, David Giertz brought up an interesting issue with Social Security and retirement plans. Advisers don’t always talk to their clients about Social Security because of the depth of rules, and the consequences of ignoring Social Security with their clients are unfavorable.

What are the effects of financial advisers ignoring Social Security? The most noticeable is people simply leaving their advisers to find one that does talk about Social Security. David Giertz explains that in a study performed by the Nationwide Financial Retirement Institute, the majority of consumers who are retired, and those ten years from retirement have advisers that do not talk to them about Social Security. Four out of five consumers also reported that they would leave their current financial adviser because of this lack of communication.

So why do financial advisers ignore Social Security in the first place? David Giertz explains that “the Social Security handbook has over 700 rules. That’s a lot to comprehend, it’s very complex.” Giertz also emphasized the importance of Social Security being implemented properly, as it can make up to 40 percent of a retirement planning process. Social Security has the potential to play a major role in a retirement plan.

David Giertz has been in the financial industry for over 30 years. He started in 2004, where Giertz lead the Financial Institutions Bank channel. Revenue grew six and a half billion dollars during his time there. He is now the Nationwide Financial president. Succeeding in his career to where he is today, Giertz has also been involved in community organizations.

David Giertz has been a chairman of the Board of Trustees and the Budget and Finance committee of Milliken University. Milliken University is the national leader in performance learning. They value the commitment to the discovery of knowledge, and advancement of the greater good.

Find out more about David Giertz: https://thebrotalk.com/investing/even-bros-retire-ohio-investment-advisor-david-giertz-ideas-get-prepared/

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