Over the years David Giertz has often been interviewed about money-related matters. Among these topics are social security and retirement. Many people have questions about social security, such as when to start taking it and in what manner. David Giertz says that people deserve to get help from their financial adviser when making these decisions. Unfortunately, he said in a Wall Street Journal interview that many aren’t getting that help from their present adviser.
He said that because pensions are mostly a thing of the past the majority of people in retirement rely upon what they saved up over their working years plus social security. The social security part can make up to 40% of many retirees incomes, sometimes even more. David Giertz said that Nationwide Financial recently had research performed and it found that because social security is so vital to get right that most people are more than willing to change advisers if they don’t get the advice they’re entitled to.
David has been in the financial services sector for over 30 years, some of that time being spent as a financial adviser himself. For many of those years he has been an executive, primarily at Nationwide Financial. His last position there, as the President of their sales and distribution division, revolved around developing retirement plans, life insurance products, annuities, and mutual funds. While he was in this position revenue rose from $11 billion a year to $17.8 billion annually.
David says that growing up his family didn’t have a lot of money so he had to pay for his own way through college. One of his jobs was at a grocery store chain where he had to clean and wax the floors. He said at this job he worked with some really good, hard-working people. The lesson he took away was to always treat people respectfully, no matter what they do for a living.
Find out more about David Giertz: https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=359385