January 16, 2018 · Businessman

David Giertz says that it is now more important than ever to create retirement plans that include social security. A lot of people do not have pensions the way our parents and grandparents used to have. Some people think that social security does not require a lot of planning. They think that they can just collect a paycheck and they will be fine. David Giertz explains that is not the case.

David Giertz says that a lot of financial advisors are not talking to their clients about social security. He says that this can lead to a lot of problems, both for the client and for the advisor. For the client, it can lead to them not being adequately prepared for retirement. For the advisor, it can lead to them losing their clients, as most clients have said that if their financial advisor will not talk to them about social security, they will simply leave.

A study has shown that thirty percent of people who receive social security benefits are receiving benefits that are less than what they had expected. The survey included around nine hundred people who were over fifty years old. Some of them were already retired, while others were still in the planning stages for retirement. A whopping eighty six percent of people simply did not know which things affected their social security benefits.

A lot of people start taking social security before they should. They want to start taking it right away. Experts like David Giertz warn that this is one of the most common mistakes that people make. While it is true that you can start taking social security benefits at the age of sixty two, the government considers full retirement age to be later, and you will get more each month if you can only wait.

David Giertz is the Senior Vice President at Nationwide Financial Distribution and Sales at Nationwide Life Insurance Company. He was also the Vice President of Sales at Nationwide Financial Services, Inc.

David Giertz is a financial expert with years of experience who is the President of Nationwide Financial Distributors Inc.

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