Posted on August 8, 2017

Retirement is a big issue, and many people plan for it. However, many people think so little about the social security aspect of it, and it matters a lot. David Giertz of Nationwide Investment Services Corporation maintains that a good financial adviser should always advise their client about the benefits of social security during retirement.

Inadequate planning of social security during retirement will land any retiree in trouble. This is because; one is likely to end up paying unwarranted taxes even during their old age. This means that a pensioner might end up with less than what they expected. Social Security is also meant to be of assistance during one’s old age, and it shouldn’t be regarded as an entire retirement plan.

Professional financial advisors will always advise their clients to delay their pension as much as possible. This is because the more you delay the check, the more you are likely to benefit hugely from it. This essentially means that if you hold up on receiving the check until you pass your retirement age, the check is likely to expand by 8%. However, if you filed early and you have already started taking it, then you can refund everything you’ve gotten so far and file again.

About David L Giertz:

David Giertz is a financial consultant who counsels American citizens on the importance of a sound retirement plan. Mr. Giertz works for Nationwide Financial Distribution and Sales at Nationwide Life Insurance Company as a senior vice president. The financial adviser has been working with Nationwide Investment Services from 1999. David Giertz has more than 31 years experience as a financial advisor. He has also worked for Financial Horizons Security Corporation and Citicorp Investment Services. He is a fully qualified advisor who is registered with FINRA as a broker. All financial advisers should register in all the states they practice from. Mr. Giertz is fully accredited and registered to work in Dublin and Ohio.

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