David Giertz Gives Sound Social Security Advice

When you are looking to prepare for the future, simply saving money in a savings account likely will not get you to your financial goals. Instead, you will need to invest in the stock market and also take advantage of other retirement solutions. It would also be a good idea to work with a professional that is experienced with helping people prepare for retirement. One individual that has continued to provide sound advice to customers for years is David Giertz. David Giertz works for Nationwide Investment Services at operates out of the Columbus, OH office.

While David Giertz has typically provided advice directly to customers, he also recently provided advice to financial advisors to ensure they are giving their customers the best service possible. Most recently, he provided advice to financial advisors to focus on Social Security and how people could maximize the benefit. He stated that while Social Security may seem like a very straightforward and easy process to a professional, it is actually very confusing too many people approaching retirement and there are a lot of different misconceptions about the program that could end up being very costly for people who are about to receive the benefit.

One of the biggest misconceptions about social security benefits is that people believe they should start taking it as soon as possible. Those that are retired are able to qualify for Social Security as soon as he turned 62 years old. However, many people do not realize that they will end up hurting much more on a monthly basis if they wait a few years. Simply simply waiting until they are 67 years old, which is considered the full retirement age, would result in a much higher monthly paycheck. Those that wait until they are 72 could end up earning up to 50% more than someone who took the benefit when they were 62.

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