Financial Advisors Not Discussing Social Security with Their Clients

A recent survey of people who are retired or within 10 years of retirement conducted by Nationwide Financial found that most respondents reported that their advisors were not including social security benefits in their consultations on yolasite.com. It also found that 80% of those who responded said that they would find another advisor if their advisor did not include social security in their retirement planning at https://about.me/davidgiertz.

One reason for this is that social security is a complex topic to study, according to David Giertz at Nationwide Financial Distribution. The social security handbook contains 2700 rules that must be understood by financial advisors.

Giertz said in a recent interview with The Wall Street Journal that social security is an important source of retirement income, comprising up to 40% of a retiree’s total income. When retirees opt to begin their social security benefits early, they sometimes lose as much as $300,000 over 25 years, or $12,000 each year. This makes financial planning advice on Vimeo about social security important for clients to get the most out of their potential retirement income.

David Giertz has over 30 years of experience in financial planning. He became Senior Vice President of Nationwide Financial Distribution and Sales at Nationwide Life Insurance Company in 2013 and also became President of Nationwide Financial Distributors, Inc. at that time. David Giertz was President of Financial Institutions-Distributors Channel at Nationwide from 2004 to 2009 and President of Financial Institutions-Wirehouse Distribution Channel from 2009 to 2013. He studied at Millikin University for his Bachelor’s in Business Administration and went on to obtain an MBA from University of Miami’s School of Business.

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