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David Giertz: The Steps Toward Successful Retirement


David Giertz believes that financial planning is important. He is particularly interested in the financial planning of the aging population and retirees. Many people plan their retirements in their heads, but David Giertz warns that up to 37% of retirees are not able to have the retirement that they planned for and that can be a big problem. Instead of lying on a beach somewhere, some may be lying in hospital beds or struggling with other health problems that arise due to aging. Giertz, the former President of National Financial Distributors Inc., and many other financial planners agree that retirees should be paying more attention to their financial futures and engage in better planning.

The article, “These Big Mistakes Will Result in Smaller Social Security Checks” on CNBC.com is a wake-up call to all future and current retirees. Giertz and a few others take the time in the article to weigh in with their expert opinions. While it may seem appealing to go ahead and start taking Social Security at 62 when one is eligible, many experts like Giertz advise against it. It can end up costing retirees more, with a permanent 25% reduction of their overall monthly benefits. In fact, if retirees were able to wait until age 70, they could increase their benefits by 35%. This means that taking Social Security benefits early could reduce their potential income by 60% if they take them earlier and they were able to wait.

Giertz is uniquely qualified when it comes to budgeting and planning. He has worked in many leadership roles within the finance community, proving his business prowess. In fact, when he led the Financial Institutions Bank Channel he grew the annual revenue to over $8 billion. He is clearly passionate about every project that he starts, and the future of retirement is very important to him. He wants retirees to feel safe and secure in their futures. Utilizing material such as this article and looking towards experts like Giertz will surely be a good first step.

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