Most financial advisors shy away from the topic of social security due to its ambiguity. The rules guiding the social security are about 2700, which make it complex and hard to comprehend. According to Nationwide Finance’s executive leader, David Giertz, it is of paramount importance to engage clients in this discussion. He advised the financial institutions to try to work around the rules in order to understand them for the benefit of their customers. Social security makes about 40 percent of retirement plans at http://www.cnbc.com/2016/06/29/these-big-mistakes-will-result-in-smaller-social-security-checks.html, which makes it a significant item to ignore. It is necessary to advise people to save more on social security in order to increase their retirement benefits.
Information Is Key
Nationwide Finance recently conducted a survey of people who are planning to retire and those that are ten years into retirement. According to Dave Giertz on yolasite.com, the survey showed that individuals are willing to be educated about social security as 4 out of 5 people changed their advisors if they were not informed about social security. The survey also showed that those who were not properly informed opted out of the social security earlier and risked losing about $300000 in 25 years, which translates to big amounts if broken down to one month.
About Dave Giertz
David Giertz is a renowned expert in the financial sector. Having attained a BS and an MBA from the revered Millikin University and the highly ranked University of Miami respectively, he is well equipped for his roles.
Dave Giertz’s professional experience in the financial sector runs for over 30 years. He has previously held top headship positions for a number of companies with nationwide recognitions. Dave joined Nationwide Financial as the President for Financial Institutions Distributors Channel in 2004. He moved up the ladder to be the president for Financial Institutions and Wirehouse Distribution Channel on SoundCloud.com. He currently holds the position of overall President of the firm. His main roles include creating business strategies for the firm and its products.