David Giertz is the current president of Nationwide Financial Distribution. As a specialist in retirement planning, he is concerned on enlightening workers on planning for life after retiring from their jobs. He discusses various issues workers need to be keen on as they plan for their retirement. That specifically is targeted to those who opt for an earlier retirement.
David Giertz discusses about saving is one of the things workers must do for social security. Most organizations require their employees to have a social security saving plan. He advises the workers who plan to seek retirement earlier than the set age that they should be keen on the amounts they save yearly to ensure that the savings would sustain them during their retirement period.
According to David Giertz, a worker who plans to retire early must consider investing his savings to ensure they remain stable economically. He supports that venturing into business or investing in shares or bonds offers early retirees a chance to increase their financial incomes. He further cautions that those who may desire to have an early retirement require increasing their saving amounts. The financial advisor argues that the savings made by the age of fifty should not go six times of the annual income below to ensure by the age of sixty, a worker would have secured up to 14 times of their annual income.
David Giertz further addresses the issue of retirement plan opted by a worker. He suggests that workers should consult a financial advisor to help them choose a plan that reduces expenses. Most retirement plans charge up to ten percent of saving when you make early withdrawals. But these charges differ between different plans. For instance, the Roth IRA does not penalize clients withdrawing savings not more than 118,000 dollars before the age of 59. However, those with a higher amount don’t exempt from penalties.
David Giertz holds a Bachelor of Science degree from Millikin University, and a Masters in Business Management awarded at the University of Miami. As Nationwide Financial president, he has the mandate to ensure the company’s strategies and products are a success. The company deals with mutual funds, insurance, annuities, retirement plans among many other services.
Find out more about David Giertz: https://www.linkedin.com/in/david-giertz-5aa76051