With a Masters in Business Administration from the University of Miami and a Bachelors of Science from Millikin University David Giertz has established himself as a successful financial advisor for over 30 years. As president of Nationwide Financial’s sales and distribution organization, his skills earned the company revenue that grew from $11 billion to $17.8 billion exceeding P & L targets. He is a certified business coach with WABC where he has received a world-class Gallup associate engagement score and certified over 100 leaders in business coaching. Before reaching these accolades he worked at Citigroup for ten years as a Financial Advisor, working his way up to Area Director and then Executive Vice President of Sales exceeding corporate goals.
Giertz believes he has the answers to early retirement and that he can help people reach their goals by providing specific rules to follow. He thinks retirement requires financial independence. He suggests saving as much as one can rather than keeping a certain amount of money because one never knows how much money they will need during retirement. The standard retirement plan suggests saving ten times your annual income by the age of 60 to retire at the age of 65 with 15 times your yearly salary. To retire at the age of 50 or 55, one must work even harder.
David Giertz says choosing a Roth IRA, 401 (k), or a 72t plan to avoid restrictions. Many accounts penalize for taking money out too soon which is something no one wants to encounter. David Giertz says an after-tax account is flexible as well, allowing you to buy currencies, bonds, and more. He also suggests putting money into a health savings account and considering the type of medical care you will have during retirement. Medicare is just not enough to cover all expenses so putting money aside is a smart move.
Giertz has found that many people do not consider their lifestyles when retiring which explains why many seniors have to go back to work as greeters and elevator attendants or even have to find roommates to cut down expenses. Giertz suggests finding ways to creatively maximize income and savings with investments and other work opportunities to avoid these situations.