David Giertz is a leading voice and authority in the financial services sector. He recently shared his view on a recent survey conducted between financial advisors and their clients who were throughout various stages of retirement as well as individuals that were 10 years away from retirement.
Giertz has proven himself for over 30 years as a successful financial manager. Giertz, who grew profits beyond all expectations from $11 billion to $17.8 billion is the current president of of sales and distribution at Nationwide Financial, one of the nation’s top insurance providers. Giertz’s success lies in his innovative thinking, searching for new ways to maximize efficiency where others overlook. This is how he was able to start as a financial advisor at Citibank and work his way up to area director, all the way up to becoming the executive vice president of sales. This gives him an extremely valuable perspective on the issue of planning and saving for retirement.
The survey revealed that a majority of financial advisers are not taking enough consideration for social security into their client’s retirement planning process. Many discard the value of social security and sometimes dismiss it’s value and overlook it. Giertz says this is a critical mistake that resulted upwards of $300,000 in lost benefits and penalties. Giertz explained this is because financial advisors reported that they are often times simply overwhelmed by the social security program’s handbook which contains over 2,700 rules, in tandem with some client’s dismissal of social security benefits.
This is important for financial advisors as well. The survey found that a surprising four out of five consumers would simply move to another advisor if they didn’t bring up social security benefits up. https://www.linkedin.com/in/david-giertz-5aa76051