David Giertz is the President of Nationwide Financial’s sales and distribution organization, a position he has held for the past four years. He has been involved with industry securities registration for about 30 years.
Mr. David Giertz is highly educated. He graduated with a bachelor’s degree in business from Millikin University. He obtained his MBA at the University of Florida.
Mr. David Giertz believes that the pensions that our parents and grandparents had are drying up and we will not be able to survive on retirement pensions. It is important that we create a retirement income plan that includes Social Security Benefits. In 2015, there was a study done with 900 people age 50 and over. These participants fell into three categories on Facebook: Future retirees, recent retirees, and current retirees. Eighty-six percent of the future retirees did not know factors that went into identifying social Security benefits on Bloomberg. People live under the misconception that because they can file for Social Security at the age of 62 that they should file. Full retirement age for getting Social Security is between the ages of 65 and 67. If a person uses their Social Security too early, they can lose up to $300,000 per year over a course of 25 years, which comes to $12,000 a year or $1,00 a month.
David Giertz says that the reason many employers are not talking to their workers about Social Security is because the handbook has 2700 rules to follow, making it very complex. All those rules make it hard to memorize and take in. Many people considering retiring say that they would change advisors if the advisor had not brought up the topic of Social Security on moneytips.com.