With over 30 years experience in the financial sector, David L. Giertz recently completed a new video where he urges his colleagues to properly inform their clients about the potential social security pitfalls they might encounter if they are not careful.
David Giertz said that many individuals nearing retirement and those already in retirement have a number of misconceptions about Social Security that could be downright damaging to them and lead to a huge loss in retirement income. Indeed, the days of having pensions and healthy 401 K’s are becoming rarer and rarer, so David Giertz is providing a valuable public service by offering seniors and older workers the needed tips in order to maximize their social security benefits.
Giertz cited a study by Nationwide Retirement Institute that showed 30 percent of retirees are receiving a benefit that is less than they expected. The survey on soundcloud.com discovered that those close to retirement by and large did not understand the process.
Of course, it really is no wonder that so many people do not understand the process. Financial planners on Vimeo have to undergo years of training in order to understand the Social Security Handbook, simply because of the fact that it contains over 2,700 different rules. However, there are a lot of people who realize the need for a solid strategy for Social Security, as four our of five surveyed said they would consider changing advisers if they did not strategize with them about Social Security.
By and large future retirees must plan for income, and that begins with an understanding of Social Security at https://twitter.com/davidgiertz. Giertz said that planning for Social Security benefits should amount to at least 40 percent of all retirement income that seniors and other retirees can expect.
There is no question that Giertz’s track record with helping seniors is impressive. Not only has he pass four important examinations, but he has also served as President of Nationwide Financial Distributors since 2013.
Giertz is also registered with the highly selective FINRA as a broker, so if you are looking to maximize your retirement income, he is definitely the one to talk to.