Include Social Security In Your Retirement Planning

On June 11, 2014, Veronica Dagher, WSJ Wealth Adviser Columnist interviewed Nationwide’s president David Giertz on the topic of “Speak to Your Clients About Social Security”. Per a study conducted by the Nationwide Financial Institute, more and more clients are demanding that financial advisers include social security as part of their retirement planning discussions on Crunchbase. In many cases, 40% of retirees’ income will come from social security and tapping into these benefits too early can deplete the lifelong benefits too soon. The research also indicated that clients were leaving advisers that did not include social security as part of their retirement strategies on

David Giertz has led Nationwide as its president since March 2013. He is also the Senior Vice President of several other Nationwide products on David Giertz has been with Nationwide for almost 2 decades, joining the company in 1999 after leaving his employment at Citigroup. In 2003, Giertz received an Executive MBA from the University of Miami in Coral Gables, after receiving a Bachelor of Science from Millikin University in Decatur, IL in 1986.

Clients on financial advisers need to be educated to pay attention to how their social security benefits could fluctuate if they start to use the benefits too early in life. Just because the money is available at 62, doesn’t mean they should retire at that age based on anticipated social security payments. This advice from David Giertz, is unique to Nationwide’s president because most financial advisers are not including social security discussions in their retirement planning. Hopefully David Giertz’s advise will lead other financial advisers to include social security in their discussions with clients.

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