David Giertz Emphasizes The Importance Of Social Security Benefits

David Giertz is a representative for Nationwide with an interest in financial planning, so he goes the extra mile in determining the best course for each of his own clients. In a new interview with The Wall Street Journal, he says he has discovered a detrimental error that many financial advisors make in counseling their clients. Mr. Giertz says even the most dedicated professionals will often avoid the topic of social security benefits, even though it plays a vital role in establishing a plan for every retiree’s future.

Speaking with clients regularly on the topic, David Geirtz discovered that the important role social security plays in retirement planning is not lost on the public in general. In fact, a reluctance to discuss the topic on behalf of financial planners often leads to a loss of clients.

In light of this trend, it seems foolish to disregard the topic of social security benefits, but Giertz says it’s still done. Explaining why, he reveals that the rulebook governing social security is exhaustive with a total of 2,700 rules for financial advisors to learn on moneytips.com.

Even so, David Giertz says it’s more important than ever before to get the most out of our social security benefits, now that company and government pensions are becoming things of the past.

Talking with CNBC, David Giertz emphasizes the importance of maximizing one’s benefits, which means delaying the age at which one starts receiving social security. While age 62 is the age when most people are eligible to begin collecting, David suggests waiting longer, even delaying access to benefits for as long as possible. He says, by waiting to collect, social security benefits will increase.

David adds that, by taking benefits early, people are losing up to $300,000, which factors down to $12,000 per year, or $1,000 a month according to linkedin.com.

Learn more about David Giertz: https://soundcloud.com/davidgiertz

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