If you are a financial adviser and do not talk to your clients about preparing for social security, you may soon realize your clients will leave. This is what David Giertz,
David Giertz is has over 30 years experience in the financial industry, he is certified by FINRA, and is currently employed by Nationwide in their Investment Service sub-corporation. Previously he has worked with Citicorp and Financial Horizons Security Corporation He currently resides in Dublin, Ohio.
David’s warning does not come with out reason, Nationwide currently conducted a study involving what clients wanted to learn from their financial advisers. The study was comprised of 900 people consisting of those that have retired recently, those that will retire soon and those that will retire with-in 10 years.
30% of current recipients of Social Security were found to not be receiving their maximum benefits. This shows that financial advisers are not putting in enough effort to do their job. David Giertz knows first hand about the size of the social security rulebook, but he encourages all financial efforts to put the time and effort into learning enough about the program to educate their clients on the options available.
86% of future retirees were unable to sufficiently list the factors that contribute to the whole of their future Social Security funds. Financial advisers shouldn’t be waiting until retirement age to talk to their clients about social security. David Giertz wants to see financial advisers discuss social security with their clients as soon as possible.
David Giertz explains that you don’t have to take Social Security benefits at age 62, you can wait til 65 if you wanted. You do not lose out on money by doing this, in fact you obtain more. Whether you apply for Social Security at age 62 or if you wait til later, the money is there and it is yours. If you do decide to wait til 65, you will see your monthly checks increase in value substantially.