A new study, which was conducted by Nationwide Retirement Institute, indicates that 30 percent of retired people are receiving less social security than they expected. In 2015, this number stood at 22 percent. The survey involved 900 people aged 50 and above. The research was conducted in three categories: future retirees, recent retirees, and 10- plus retirees (retired for 10 or more years). In the survey at http://officialdavidgiertz.com/, 86 percent of the participants could not identify the factors that determine the amount of social security.
According to experts, misconceptions about social security not only result into less income, but also unexpected taxes for retirees. David Giertz, the president in charge of sales and distribution at Nationwide Financial Distributors, posited that the older generation had pensions, but are now struggling. He added that one should develop a retirement income plan that targets to maximize his or her social security benefits.
David Giertz has a deep experience in the financial services industry where he has served for over three decades. His current role at Nationwide Financial is to oversee the wholesale strategy and distribution of private-sector life insurance, retirement plans, specialty markets, annuities, and mutual funds through regional firms, banks, independent broker/dealers and wirehouses. David has demonstrated a strong will to elevate the company to greater heights. He also has deep sense of duty. With this commitment, David Giertz has managed to grow the company from $11 billion to $17.8 billion in profitable revenue. He joined Nationwide in 1999 where he served as a regional vice president in Miami, Florida.
Previously, David Giertz worked as the president of Financial Institutions Bank where he was in charge of Wirehouse Distribution Channel. He successfully led the company to achieve a growth of $8 billion up from $1.5 billion. His career began at Citigroup where he worked as a financial services advisor. Later, he served as the areas director before being promoted to render his services as the executive vice president of sales. At Citigroup, the executive worked for ten years. Over the years, he has served in various community organizations on Bloomberg, including Millikin University where he chaired the board of trustees. In addition, David chaired the budget and finance committee at Millikin University, where he graduated with his BS degree. Giertz holds an MBA from the esteemed University of Miami.