Why Financial Advisors should Speak about Social Security
It is important for financial advisers to talk to their clients about social security for retention purposes. A recent survey indicated that most advisers do not bother to explain the importance of social security to their clients. The same survey revealed that four in every five people are willing to change their adviser if they fail to talk about social security. The respondents in the survey included consumers that are retired and those that are ten years from retirement.
Advisors need to take an interest in social security by understanding and having confidence in the rules. This can be part of the retirement income plan process because social security takes over 40% of the plan. Information on social security enables a client to optimize their retirement income. For instance, turning on social security too early can make one lose over $1000 in a month, and that is why there is a need for proper guidance from financial advisers.
About David Giertz
Mr. David L. Giertz is the current president of Nationwide Investment Services Corporation. He was appointed to the position in March 2013 after serving as vice-resplendent of the Nationwide Life Insurance Company. He is an experienced financial advisor who has been in the industry for 31 years. David Giertz previously worked for other organizations like; Skokie Federal Savings, Money Securities Corp, the Mutual Life Insurance Company of New York, Financial Horizons Securities Corporation, and Citicorp Investment Services.
Apart from being a financial advisor, David is an experienced broker registered with FINRA. He has four different registrations to his name, and this makes him a respectable authority in the financial industry. Nationwide Investment Services Corporation is involved in a wide range of brokerage services that include life insurance and annuities, investment advisory services, securities sales, market making, and underwriting.