Social Security is becoming more and more common as one of the largest portions of retirees retirement income. In fact, it is estimate by President of Nationwide Financial’s very own David Giertz that up to 40% of the average retiree’s income may end up coming from monthly Social Security checks. For this reason, it is now more important that ever that financial advisers fully understand the sometimes complicated Social Security system so that they can best serve their clients. Many clients fail to ask about Social Security so their financial advisers just never bring it up. But now, thanks to more clarity on the topic, more and more clients are saying that they would require any brand new financial adviser to understand and clearly explain the implications that Social Security has on your retirement. This has shifted many advisers to better understand the system and the many pitfalls that clients can fall into such as taking a reduction in the amount they are entitled to if they begin withdrawing at age 62, the earliest possible age when Social Security can be collected.
David Giertz has more than 30 years of experience in the financial sector. He began his career with Skokie Federal Savings and has since worked for some of the top financial institutions in the country which include but are not limited to, The Mutual Life Insurance Company Of New York and Citicorp Investment Services. He is now the President of Nationwide Investment Services Corporation where he has grown profitable revenue by almost $7 billion in his time there.
Giertz holds a Bachelor Of Science from Millikan University as well as an MBA from The University of Miami. He has left a path of success throughout his career, always leaving former companies better off then when he was hired. Social Security is not something to be taken lightly when planning for retirement. By heeding the advice of experts like David Giertz, it is very achievable to obtain consistent income that will last for the entirely of your golden years.