David Giertz on the Importance of Informing Clients About Social Security

David Giertz sits down with Veronica Dagher, columnist, and WSJ Wealth Adviser, to talk about the need for Financial Advisers to speak to their clients about Social Security.

David Giertz discusses a survey, conducted by the Nationwide Financial Retirement Institute, of consumers who are either retired or are ten years from retirement. The findings of the survey showed that most advisers aren’t talking to their clients about Social Security and that 4 out of 5 people would switch advisers if their current adviser was not talking to them about Social Security at https://vimeo.com/davidgiertz.

He goes on to discuss why advisers may be avoiding the topic of Social Security, positing that it’s a rather complex topic on SoundCloud.com. He notes that the Social Security Handbook contains 2,700 rules.

He moves on to why it is important for advisers to take an interest in Social Security. Social Security may account for up to 40% of an individual’s income retirement planning process on cnbc.com. Proper planning for social security can greatly optimize retirement income as the survey found that turning on Social Security too early can lead to a loss of up to $300,000 over 25 years.

David Giertz’s interview with WSJ outlines the importance of advisers focusing on Social Security with their clients and the possible consequences of avoiding the topic.

David Giertz has worked for a myriad of financial companies including Skokie Federal Savings, The Mutual Life Insurance Company of New York, Citicorp Investment Services, and Nationwide Investment Services. He has served as Vice President of Nationwide Financial Distribution and Sales at Nationwide Life Insurance since April of 2013.

He is also President, Vice President and Director of Sales for other Nationwide Companies. David is based out of Dublin, Ohio. He is a registered Broker through FINRA and possesses over 31 years of experience in his field.

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