Financial Leaders Are Not Discussing Social Security With Their Clients

David Giertz sat down to talk about social security and why it’s not being discussed by financial advisers. As a result, it can have a negative impact on retirement benefits in the future. He conducted a survey through the Nationwide Financial Retirement Institute (A survey of consumers). The survey consisted of individuals already retired or approaching retirement, within 10 years or so. It revealed that most of those people were not receiving any counsel from their financial leaders about social security. From the adviser’s view, it poses a threat in retention because the survey also revealed that 4 out of 5 people said they would switch financial advisers if social security wasn’t discussed with them. Being that the social security handbook consists of 2,700 rules, Giertz feels that financial advisers are overwhelmed with the topic. The rules are of a complex nature. He believes that with the proper understanding and courage, financial advisers will be able to tackle the social security handbook and become comfortable with it.

David Giertz stresses the importance of advisers providing the right information to their clients about their retirement benefits. If retirement is pulled out too early, individuals can lose more money in the long run. In order to prevent things like that from happening, financial advisers have to make it a priority to discuss social security with their clients.

David Giertz has been a financial adviser for Nationwide Investment Services Corporation since 1999. It is located in Dublin, Ohio. He is also the President, Senior Vice President and Director for other Nationwide companies. He has been in the industry for more than 31 years.

He has passed 4 exams and is a registered broker with FINRA. He also has other accreditation through the State Securities Law Exam, General Industry & Products Exam, and the Principal/Supervisory Exam.

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