As a person who has been in the Financial Industry for more than 30 years, Mr. David Giertz is qualified to offer sage advice concerning financial advisors failure to discuss with their clients about Social Security retirement benefits.
Researchers have found out most who have retired or close to the age of retirement do not have a clue on how Social Security can affect their goals for retirement.
Mr. Giertz explains that many advisors are unwilling to discuss the reference guide for the program with their clients because it is complicated, with 2700 regulations. This proves to be difficult for some of them to grasp.
He says the financial consultants should not shy away from learning about the program and should integrate it when talking with customers.
The reasons he gives why professional advisors should do this include –
* Many clients who feel slighted because their financial counselors refuse to mention the Social Security retirement benefits will turn to another financial business where the advisors make this crucial information accessible.
* The customers who start receiving payments from their retirement funds might lose an astronomical amount of money throughout their years of retirement.
* If advisors want to keep and draw more customers, they will take the time to discover all the ins and outs of the Social Security retirement plan and share it with them.
Currently, Mr. Giertz is the President of Nationwide Financial Distribution, Inc located in Dublin, Ohio. He began his career in the financial field at Skokie Federal Savings and it extended to other institutions, such as The Mutual Life Insurance Company of New York and Citicorp Investments Services.
Mr. David Giertz obtained a Bachelor of Science from Millikin University in Decatur, Illinois, as well as a MBA from the University of Miami.