Recently, financial services industry veteran David Giertz exposited some important information regarding retirement planning. He makes clear the truth of the old adage “failing to plan is planning to fail” especially when it comes to early retirement. The average person does not have the financial wherewithal to understand that retirement, in general, is much more involved than squirreling away a percentage of their paychecks into a retirement savings account. David Giertz draws on his 30+ years of financial services experience to offer some sage financial advice for would-be retirees.
Giertz explains that planning for retirement is not cookie cutter easy while emphasizing the importance of starting the process early. Next, future retirees need to assess their specific retirement needs and determine how much money it will take to transition comfortably. “Conventional saving dictates that you need to have saved at least ten times your annual income by age 60 and at least 33 times your annual salary if retiring early.” With that said he advises consulting with a financial expert to explore potential income producing opportunities to achieve financial stability ahead of retirement and to alleviate potential retirement savings shortfalls.
About David L. Giertz
David Giertz has over 31 years of experience in the financial services industry. He is actively registered with the FINRA (Financial Industry Regulatory Authority), a Certified Business Coach with the WABC (World Association of Business Coaches), and a graduate of multiple business and industry related training institutes.
David Giertz deeply understands the importance of optimizing the earnings and growth potential for individuals and businesses in light of the uncertainties that plague the current economy. Each of his tenure experiences at Nationwide and other well-respected financial services entities advising and developing financial strategy solutions has earned him many well-deserved accolades.
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