David Giertz recently went on record in an interview to publicly address an issue he feels is hindering the relationships between clients and their financial advisors. Giertz believes that financial advisors need to talk to their clients about the importance of social security on about.me. While the subject of social security seems to self-explanatory in regards to its obvious importance, according to a recent survey done by the Nationwide Financial Retirement Institute, many financial advisors are not stressing the importance of social security on their clients’ overall financial outlook during retirement.
This recent survey polled retiree’s and those looking to retire within the next ten years and found that many clients that are cognizant of the importance of social security, would be likely to switch advisors should they fail to talk about social security on Facebook. Due to the scope of the social security handbook, with it totaling 2,700 rules, Giertz believes that many financial advisors may shy away from heavily discussing social security. This issue not only has economic implications for clients seeking financial stability in retirement, it also affects the rate of client retention with financial advisors. The survey at https://onmogul.com/david-giertz-70 also showed that social security may equal up to 40 percent of a client’s retirement fund and over the course of 25 years, if social security is drawn early, they can lose in excess of $300,000.
Since 2001, David Giertz has been a financial investor for Nationwide Investment Service Corporation. With 31 years of experience in the world of financial investing, David Giertz has garnered several professional awards. As a registered broker with the FINRA, Giertz has worked for several major investment corporations including, Citicorp Investment Services and The Mutual Life Insurance Company of New York.