Social Security is a topic many financial advisors neglect to address to their clients. Why is this? David Giertz, from Nationwide Financial, talked with the Wall Street Journal about the complexity of the issue. There are over 200 rules and regulations that Social Security has, says Giertz, which makes it an aspect of finance that many advisors do not feel confident about. To optimize retirement income, social security should be at the forefront, because if taken too early a client could lose up to $300,000 in their savings on Twitter. David Giertz tells financial advisors that they had better study up on social security so their clients don’t leave them and they lose valuable assets.
David Giertz is a broker from Dublin, Ohio that has over 30 years’ experience in the business and has passed 4 exams, making him up to date on current regulations. Giertz is registered with FINRA as a broker. He is the senior vice president of Financial Distribution and Sales at Nationwide Financial and has been since 2013.
He has spoken with many publications about the importance of having a deep knowledge of social security for the benefit of clients on CNBC.com. There are many mistakes that a retiring client can make involving their investments and their money, and it shocked Giertz to learn that very few financial advisors have the wherewithal to communication effectively with clients about the importance of social security. Since having a lack of knowledge in this area can cause many clients to leave, David Giertz has attempted to advise financial counselors and institutions about the importance of making social security a priority. And in this current economy, good advice from financial advisors is key so that you have the financial security you need to weather any storm.