There has been a lot of misconceptions about Social Security as observed by the President of Nationwide Financials sales and distribution organization, David Giertz. He also realized that the retirement fund is not enough because the contribution starts late and disbursement early regrettably because of savings insufficiency and medical conditions. Nonetheless, he advises a client not to entirely depend on social security as it is not income but rather supplements it.
David Giertz explains that even if 62 years is the set minimum eligible age for one to receive social security benefits, holding up a little bit for let’s say 65-67 one would have a bigger monthly check. This means at 62; there is an applicable permanent percentage reduction that’s exempted at latter days. Additionally, Giertz makes it known that social security benefits are taxable. At least $1 for every $2 earned above the yearly limit which is $15,720.
Recent statistics indicate about 37% of the retirees do not live to their envisioned retirement plans due to health problems and lack of knowledge thereof. This notwithstanding, David says that the importance of social security cannot be belittled. He advises clients to have a close walk with financial advisors who will help you maximize your social security benefits regardless of other unfortunate events.
About David Giertz
David Giertz is a financial advisor with Nationwide Investment and currently is the President of sales and distribution department. He is registered with FINRA to make securities transactions. Elsewhere he has worked for Citicorp Investments, Financial Horizons Securities Corporation, Mutual Life Insurance Company – New York, Mony Securities, and the Skokie Federal Savings.
He has had to successfully go through four exams to certify him as the financial advisor. These exams are Municipal Securities Principal, General Securities Principal Exam, Uniform Securities Agent State Law (NASAA) and the General Securities Representative Examination. David Giertz is affiliated with Nationwide Life Insurance Company. He is currently based in Dublin, Ohio where he oversees managerial and administrative duties at the Nationwide Investment and is doing fairly well. Concurrently, he is a securities broker.