David Giertz is a financial advisor for Nationwide Investment Services Corporation. His office is located in Dublin, Ohio. He has more than three decades of experience when it comes to helping people plan for their retirement.
He also holds many other positions within financial companies as well. He was Senior Vice President of Nationwide Financial Distribution and President of Nationwide Financial Distributors Inc. He has held these two positions since 2013. He is one of the most skilled financial advisors with the company at the present time. Now he is talking about a survey that was conducted about how advisors are not talking to their clients about the rules regarding Social Security.
In a survey by the Nationwide Financial Retirement Institute, most advisors will not talk to their clients about the tricky topic of Social Security. The survey also stated that four out of five people would be willing to change their advisor if the person does not discuss Social Security. One of the many reasons that an advisor will avoid the topic is due to the number of rules that are associated with it.
One of the biggest reasons that advisors should take an interest in the subject, according to David Giertz, is retention and the penalty for clients if they take money out of Social Security too early. If that were to happen a person could lose upward of three hundred thousand dollars over their lifetime and that is quite a bit of money in the long run. For people who are about to retire Social Security could make up a significant amount of their future income. These are two of the biggest reasons why investors must take a look at Social Security and the laws regarding such income. It could make a huge difference for the investor down the line.
This is why David Gertz and his team of financial advisors are here. They help people through the maze of retirement in order to optimize the retiree’s income stream. They know the rules and how to make sure everything is up to date. That is what they do best.