Financial advisors are obliged to talk to their clients about social security, but they are avoiding this topic. Wall Street Journal sought an explanation to this from the president of Nationwide Financial Sales and Distribution, David Giertz.

David Geirtz’s Experience
David Giertz has over 30 years’ experience in financial advisory. He has a diverse work experience gained from working with topnotch financial firms. He worked for Financial Horizons Securities Corporations, CITICORP Investment services among others. In 1986, David took the General Industry Exam on Whitepages.com. In the following year, he took the State Securities Law Exam. In 1994, Geirtz took the Principal/Supervisory Exam.

David Geirtz has built a successful career in the finance industry on Facebook. He was made the vice president of Nationwide Insurance Company in April 2013. He has previously worked as a broker-dealer in securities. At 52 years of age, he is on top of his career, and he resides in Columbus, Ohio.

David Geirtz attributed the ignorance of the current financial advisors on matters social security to the complexity of the social security handbook. Speaking to the Wall Street Journal, Geirtz said that the 2700 rules in the handbook are a lot to comprehend.

David Geirtz analyzed the outcome of a survey that was carried out by the Nationwide Financial Retirement Institute at https://brokercheck.finra.org/individual/summary/1515515. The survey that was done on consumers, people who are retired and those who are ten years from retirement revealed that most advisors did not address social security with clients.

“A Financial Advisor is part of the retirement income process planning.” said Geirtz.”Those who turn on social security too early could lose up to $ 300,000 over 25 years.” warned Geirtz .