David Giertz, President of Nationwide Financial Distributors, recently gave an interview to a wealth adviser columnist at wsj.com. In the interview, Giertz explained how important it is for people who are currently planning their retirement — or who have already retired — of getting retirement planning advice from an advisor who is well-versed in the rules of Social Security.
David Giertz, explaining the results from a recent consumer survey done by Nationwide Financial Retirement Institute, said that most respondents gave poor marks to their financial advisors when it came to their advice, or lack thereof, regarding social security. In the survey on moneytips.com, four out of five people said they would not use the services of an advisor — or would change their current advisor — if they failed to tell them what they needed to know about Social Security.
David Giertz explained that financial advisers may lack confidence in their knowledge of Social Security and so fail to address with clients an important aspect of their retirement plans. He mentioned some statistics regarding retirement planning, such as the fact that Social Security can add up to 40% of a retiree’s income. He explained on financial-advisors.credio.com that turning on Social Security too early can result in the loss of up to $300,000 over 25 years, or $1,000 a month. Giertz then reiterated how important it is for those planning retirement to get the best advice they can and to make the most of Social Security on Twitter.
David Giertz oversees distribution and sales as President of Nationwide Financial Distributors, a position he attained in March 2013. NFD is part of Nationwide Mutual Insurance Company, one of the largest companies of its kind in the world at https://www.facebook.com/public/David-Giertz.
Giertz also holds positions as President, Vice President and Director at several other Nationwide companies. With 31 years of experience, Giertz is considered an expert in his field.