Mr. David Giertz the current vice president of Nationwide financial services a firm that acts a broker for larger brokerage firms that are dealing with mutual funds, bonds, stock, security among other related products.
He currently resides in Ohio and apart from his work at Nationwide; he is involved in oversight duties in different financial and social security firms. As a financial advisor in the business sector, he cautions security and investment firms to be careful with how they handle their finances since it might turn out problematic as people approach retirement.
A lot of people don’t take life after retirement seriously with most of them waiting till they get there before making solid plans. Giertz notes that despite having an excellent monthly paycheck, it can sometimes prove challenging to save for an early retirement. One of the reasons why this might be the case is that most people hardly estimate the amount of cash that’s going to cover their retirement. In most cases, saving the little you get into your retirement account is a good idea but on a closer look the cash can sometimes end up not being enough.
If this is the case, then you will be forced to look into different opportunities to boost your financial stability before retirement kicks in. Giertz also notes that investment is always not a ticket to financial freedom but is dependent on how you invest and where you invest it. The only way to achieve financial freedom is understanding how, where and when to invest. In his assertion, the first thing you shouldn’t overlook when making smart investment decision is whether you have enough cash for early retirement.
He notes that people need to be conversant with their retirement needs before figuring out how much they need to save for it. To attain the primary retirement investment limit, individuals should have saved about six times their yearly income before reaching 50 years.