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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Felipe Montoro Jens went to Getulio Vargas Foundation where he was awarded his undergraduate degree. He later received a graduate degree from the Thunderbird School of Global Management.
Mr. Montoro is the CEO of Energipar Captação S.A. he also serves as the Chairman of Concessionária do Centro Administrativo do Distrito Federal S.A. and the Director of Braskem S.A. Mr. Jens is the director of Concesionaria Trasvase Olmos S.A. and Santo Antônio Energia S.A.
Felipe Montoro’s Report
When the government declared that it would make concessions through partnering with National Bank for Economic and Social Development (BNDES), Felipe Montoro interviewed Edison Carlos, the president of Trata Brasil, an initiative focused on basic sanitation, on the decrease in waste levels. Mr. Carlos said that the basic sanitation in Brazil has about ninety percent of its services done by the public and about seventy percent of these services are performed by national organizations. The two forms of management, that is, both the public and private initiative can get better results when they work in a complementary way.
Felipe Jens pointed out the loss of water as one of the primary causes of the flow of financial resources from the government companies in the water segment since it is hard to receive the services offered when there is such an enormous waste. Mr. Edison said that the private sector has adequate resources and by working with the state-owned companies, they will be able to prevent wastage of water. He also mentioned that the private companies have advanced technology that will be vital in raising more investments in sewage networks.
In conclusion, Felipe reports that it is important to have clear goals when drafting the contracts as well as in adopting public agencies where the services will be offered. It is also equally important that the governors review the services presented during the concession for verification.
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