In an interview with Veronic Dagher of the Wall Street Journal, David Giertz stressed just how important it is that his fellow financial advisers talk about social security benefits with their clients. The reason to do is two-fold, he said; retention concerns and the importance social security benefits play in most retirees income stream.
Most people in retirement derive a large percentage of their income from social security benefits on soundcloud.com. Due to how large a factor it is for people a responsible financial adviser simply must talk about it with their clients. Most financial advisers who avoid the issue are unsure of their knowledge about it given there are about 2,600 rules in the Social Security Handbook on Vimeo.com. Nevertheless, they need to make themselves know enough about the issue so that they can ably talk about options with their clients.
The other issue at https://twitter.com/davidgiertz, retention, is important because if financial advisers want to keep their clients they need to know that a recent survey commissioned by Nationwide Financial said that most clients are more than willing to change advisers if the one they have won’t discuss social security benefits.
David Giertz, who has been with Nationwide Financial for 13 years, is the President of their subsidiary Nationwide Financial Distributors. David Giertz also continues to advise clients and manage financial portfolios as a financial adviser himself. He is registered with FINRA as a Broker.
Giertz, who is a resident of Columbus, Ohio, regularly talks to the press about investment and retirement issues. In June 2016 he talked to CNBC about how most people are taking social security too early. David Giertz said that if most people take social security as early as possible, at age 62, which is usually a big mistake. The longer you wait to take social security, he said, the more you will earn every month from the program.