According to Nationwide Financial Services president David Giertz, a study conducted by Nationwide Financial Retirement Institute found that most individuals who receive their social security benefits too soon regret this decision. Social security is a nuance area, and many people find it hard to understand the 2700 rules social security handbook on Finra.org.
During an interview with the Wall Street Journal, David Giertz called on financial advisors to provide relevant social security information to their clients so that they can obtain a successful retirement plan. The Nationwide Financial Retirement Institute involved over 900 respondents, US citizens over 50 years of age within a few years to retirement or already retired.
According to the study at https://www.facebook.com/public/David-Giertz, thirty-eight percent of respondents wished that they had put off the onset of their benefits. They had activated the social security benefits a little too early. According to the Nationwide Financial Services executive, only twelve percent of financial advisers discuss social security with their clients. Most of these respondents admitted that they expected their financial advisor to have a conversation about social security.
Social security constitutes about forty percent of an individual’s earnings on Nationwide in the course of their adult life. Having a financial adviser can give retirees a better retirement plan. People who don’t have financial advisers are more likely to find the income from social security benefits less and therefore need to be guided.
About David Giertz
David Giertz is the current president of Nationwide Financial Services. David Giertz has more than three decades of experience in the financial industry, specializing in the sale and distribution of bonds, life insurance, and retirement plans.
David Giertz has a bachelor’s degree in business management and administration from Millikin University as well as an MBA from the University of Miami’s business school. David Giertz is also an FINRA registered broker.