Many pensioners on CNBC.com start claiming their social security benefits as soon as they reach the legal age of 62 years. While many assume that this is the natural thing to do at the age, there are statistics which show that waiting as long as possible after retirement before asking for the benefits will help you get more each month. In fact, people who seek the benefits earlier end up losing up to $300,000 over a period of 25 years or roughly $12000 every year. One experienced financial advisor thinks that the time has come for financial advisors to start being honest with their clients about the social security benefits. David Giertz did an interview with the Wall Street Journal, and this is what he had to say.
First, he noted that the main reason the topic is avoided by many of the investors is the sheer amount of information that has to be covered on Twitter. It is not easy to explain thousands of rules to every single investment client that one handles.
Unfortunately, statistics also show that 4 out of 5 customers will drop their advisor the moment they suspect that the topic of security benefits has been avoided at https://vimeo.com/davidgiertz. David encourages the people to be told about the best ways to maximize their social security benefits for the sake of their sunset years.
About David Giertz
David is one of the most respected financial advisors in Ohio. He is the current senior vice president of sales and distribution at Nationwide Insurance Company. David has been working in the financial sector for the past 31 years, which has given him a lot of experience in the field. David Giertz is also a stock trader with approval from FINRA. David likes coming up with business solutions that will be useful to his clients both in the short and the long term. He operates from his office in Columbus Ohio.