David Giertz Expounds Upon The Social Security Conundrum

The well known financial expert, David Giertz recently appeared on a episode of The Wall Street Journal’s internet, interview program, Wealth Adviser to explain why it is extremely important for wealth advisory to talk to their clients about social security and why so few of them actually do it. For those unaware, Mr. Giertz is the president of distribution and sales at Nationwide Financial Distributors and has made numerous news and media appearances, most recently appearing upon CNBC to talk about his perennial issue, social security.

Mr. David Giertz started off by saying that findings from a survey he conducted in conjunction with the Nation Wide Financial Retirement Institute which looked at consumers who were either retired or 10 years off from retirement showed that the vast majority of those surveyed stated emphatically that none of their advisers where talking to them about social security at all. Curiously, 4 out of 5 people in the survey said that they wanted to change advisers due to the lack of information dissemination surrounding social security given it’s important to retirement plan retention.

Read more: Insurance Agent at Nationwide Financial Institution in Fort Lauderdale, FL

David Giertz believes there is a relatively simple explanation for this, however, that being that social security is incredibly complicated. The social security hand book on yolasite.com alone has around 27,000 rules, this makes topics surrounding the issue incredibly hard to competently navigate, even for experienced financial experts, especially since those very same rules are oft changing. As such, Mr. Giertz often finds that many financial advisers simply do not have the comprehensive understanding of social security needed to discuss the topic with their clients who, generally, know next to nothing about it.

Lastly, Mr. Giertz makes very clear that social security discussions needed to be had for reasons other than client retention at https://angel.co/david-giertz. He states very plainly that turning on social security too early can be utterly disastrous and cost individuals upwards of $ 300,000 over a 25 year time span, which figures to around $ 12,000 a year or $ 1000 a month – far, far too much for most people to afford.