David Giertz is the Senior Vice President of Nationwide Financial Distribution and Sales. He took the position in April of 2013. David Giertz is a registered broker and has 30 years of experience in the financial advisory and investment industry. Throughout his career he has held several prestigious positions with Nationwide companies as a Senior Vice President, President and Director at https://brokercheck.finra.org/individual/summary/1515515. His work history includes positions at Citicorp Investment Services, Financial Horizons Securities Corporation, and the Mutual Life Insurance Company of New York.
Mr. Giertz’s experience in the financial industry has provided him with knowledge and insight into how financial advisors can better serve consumers. An example of this is his suggestion that financial advisors prioritize providing their clients with methods of maximizing their social security benefits on Facebook. Mr. Giertz stated that a survey performed by Nationwide Financial reported that financial advisors were not discussing the subject of social security with their clients and that clients were extremely likely to change financial advisors for this reason.
Social security is an important subject for financial advisors to discuss with this clients because the benefits received from it could be up to 40 percent of a person’s retirement income. According to David Giertz, a key aspect that advisors should discuss with this clients is the timing of receiving social security benefits. It is important that consumers consider the timing of their benefits because if they use social security too early they could potentially lose 300,000 dollars over a 25 year period. This is because eligibility for receiving social security begins at age 62, but people who elect to receive benefits then are subject to having a permanent percentage of their benefits deducted on whitepages.com. However, consumers can avoid this issue and make the most of their social security benefits by consulting a well-versed financial advisor when planning for retirement.