Your Financial Advisor Doesn’t Talk Social Security? Talk to David Giertz

No matter what your age, it’s important to understand the value of alternative investment options to supplement future Social Security. Within the last 10 years the large number of retirees on Facebook have caused a possible restructuring among employees and retirement benefits.

David Giertz, a 30-year veteran of investment services and President/Broker at Nationwide Investment Services Corporation recently spoke on the importance of sound supplemental Social Security investments before and after retirement. “Our parents and grandparents had pensions, but they are drying up and going away,” states Giertz, “So it’s more important than ever to create a retirement income plan that includes maximized Social Security benefits.”

Recent studies show over 30 percent of retirees are receiving much less in benefits than they expected. Much of this is caused by a misunderstanding of age eligibility laws on Finra. The term ‘land-grab mentality’ is used by financial advisors to explain misapprehension by retirees who believe they can start receiving social security between 62 and 65 and still accumulate more in their social security package while continuing to pay out into the program.

Full retirement age is 66, and while many continue to work well past that age believing benefits will continue to increase, nothing could be farther from the truth; benefits stop increasing at age 70. Another confusing social security aspect is that when you begin collecting social security you will still pay taxes on the received amount.”

A financial advisor can help you in paying the least amount in taxes on social security, as well as providing beneficial solutions upon retirement. “Social Security is a complex topic,” David Giertz stresses. “With 2,800 rules, it’s hard to understand.” He goes on to point out that no matter what age you’re at, if your financial advisor doesn’t talk about social security it’s time to find another advisor.

See: http://www.wsj.com/video/speak-to-your-clients-about-social-security/8B2F5FA4-B0E8-4D71-A1E3-D29AA2711CC5.html

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