How David Giertz Became A Leading Financial Expert

The world of finance can be a competitive environment where many executives don’t last more than a few years. So it is quite an accomplishment for one financial executive who found continued success on Wall Street for over 30 years. That person, David Giertz, has become the expert’s expert when it comes to all things finance.

Mr. Giertz’s most recent position found him in the top ranks of Nationwide Financial as their President of the company’s sales and distribution division. With over 30 years of experience, Mr. Giertz has driven growth for several financial companies. In the case of Nationwide Financial, Mr. Giertz was able to raise the company’s revenue from $11 billion dollars to over $17 billion dollars in just a few years.

In addition to being a leader in the financial services industry, Mr. Giertz is also a certified business coach. His work also allowed him to train other business executives to become business coaches as well. In fact, over 100 executives were able to become certified business coaches thanks to Mr. Giertz’s training.

Previous to his President’s role at Nationwide Financial, Mr. Giertz was the head of the company’s Financial Institutions Bank channel in 2004. In this position, Mr. Giertz was able to grow revenue from $1.5 billion dollars to over $8 billion dollars per year. This incredible performance by Mr. Giertz was just one of his many triumphs at the company.

Before Nationwide Financial, David Giertz worked at Citigroup as a Certified Financial Advisor. He held that position for several years eventually rising to the position of Area Director. Mr. Giertz’s career at Citigroup would culminate with his promotion to Executive Vice President of Sales.

In addition to his work in the financial world, Mr. Giertz is also active with several community organizations including his role as a board member for The Girl Scouts of Broward County. Also, Mr. Giertz has lent his services to Millikin University as their Chair of their Board of Trustees. From finance to community leadership, David Giertz has found continued success in just about every role he has served.

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What David Giertz Says Advisers Need to Know About RMDs at the End of the Year

It is the end of the year again. If you are a retirement advisor, you need to remind your clients not to miss a required minimum distribution from their IRAs or retirement plans from their companies. There are penalties for missed required minimum distributions of up to fifty percent. If a required minimum distribution is missed, then you will have to file a form explaining the reason you missed it to the Internal Revenue Service. If you do that, the penalty can be waived, but it is better not to get to that point by simply not missing an RMD.

If you are an advisor, you should start by taking into account all the retirement plans that are subject to required minimum distributions. Of course, there are some plans that do not require it. For example, if the client is over seventy years and six months, does not own more than five percent of the company, and is not yet retired, then the required minimum distribution can wait until they retire.

The problem with this last kind of company plan is that the required minimum distribution will be due by April of the following year. Until the required minimum distribution is satisfied, you can not roll the money over into an IRA. Many people make the mistake of doing the rollover right away before the RMD is satisfied. If that happens, there will be an excess amount of money that you will have to remove. You will have to do this by the middle of October of the next year. If you do not do this by then, then there will be a six percent penalty.

When satisfying the required minimum distribution, there are certain aggregation rules that have to be taken into account. For example according to David Giertz, you can not take money out of an IRA in order to satisfy the required minimum distribution of a 401 (k). This applies to any two types of plans, as one can not satisfy the RMD for another. When calculating the RMD, make sure to use the IRA balance at the end of the previous year.

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Are You Planning for Retirement? Social Security Is Not As Simple As It Seems

David Giertz is warning that if you are a financial advisor, you need to talk with your clients about social security. Otherwise, they will not be ready for retirement, and they may also leave you as a client.

He says that there are a lot of things that go into social security planning. For example, there is the age factor. Although you can start taking social security when you are sixty two years old, it is not always a good idea to do so. That is because you can lose out on future payments.

David Giertz explains that if you wait a little until you start taking your social security benefits, you can get an increased paycheck once you do start taking them. Many people are simply unaware of how much more money they will get each month. The answer is that at some times, they can lose up to twenty five percent or more. This means that instead of getting one thousand dollars a month, you will only get seven hundred and fifty dollars a month. Each year that you wait after your full retirement age, your paycheck will grow by eight percent. This means that if your retirement age is sixty six and you would have got one thousand dollars a month, you will now get thirteen hundred and twenty dollars. If you would have taken your social security benefits when you were only at sixty two years of age, you would be getting seven hundred and fifty dollars a month, which is a great deduction.

There are some other things you need to explain to your clients. For example, not everyone knows that depending on your situation, social security benefits may be taxed.

David Giertz says that some advisors are reluctant to speak about social security because there are so many rules, but he says that doing so is a must.

David Giertz is the President, Vice President, and Director of several Nationwide Financial companies.

David Giertz is a financial expert who has years of experience in the financial market.

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How Social Security Investments can help you get a Peaceful Retirement

David Giertz, commonly known just as Dave, is a renowned financial advisor who ranks among the best economic experts in the world. He has a degree from Millikin University and a Masters from the University of Miami. He has a wealth of experience spanning more than three decades. Dave also has served several companies in the past.

He has helped several companies generate profits and many businesses continuously seek after his opinion. Currently, he is the president of Nationwide Financial Sales and Distribution. Dave also engages in a series of community work. He is a WABC certified business coach.

With his expertise, Mr. David Giertz advises that it is critically important for everyone to design a retirement plan so that one is not caught unaware and ends up living miserably after retirement. Social security benefits can go a long way in ensuring a peaceful retirement.

He terms the several fallacies people have about social security as unnecessary. Those who fail to plan are at a high risk of living low-income lives when they retire. If you do not have an idea of what amount to save, you can begin by estimating the amount of money that will guarantee you and your family a good life even as a retiree.

If you start saving early, you will realize that you do not have to work until the official retirement age. You can opt out to either start other investments or just enjoy your money. It is proper to have other income-generating activities to be on the safe side. A good idea of where to invest in is a brokerage account which is sure to earn you returns. There are no limitations on the amount to withdraw or spend hence maximum earnings once you understand the market. Another idea is a health savings account which will cushion you from health costs after you retire.

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