Planning for retirement is necessary to ensure that your retirement runs smoothly. Hence, this means that you ought to make early preparations to avoid common predicaments. Here are some key tips from David Giertz, a prominent financial advisor, as follows:
- Securing a Financially Stable Retirement
Saving for retirement is not easy even for those with a handsome paycheck. The reason is that estimating the amount of money you need for the entire retirement is difficult. Considering numerous income opportunities other than just the paycheck is imperative since you will be spending more than you earn during retirement.
As far as investing is concerned, you need to know certain pointers like where, when and how to invest. In this case, consider whether you have adequate money for early retirement. Understanding your retirement needs will help you determine the amount of money you require to save. The next important step involves finding a flexible retirement plan such as IRA or 401(k).
- How to Invest
Make sure you complement your savings with a brokerage account in a bid to gain access to the bond, stocks and currencies markets. As such, you will be in a better position to purchase and sell such commodities for profit purposes.
About David Giertz
David Giertz is a prominent name in the financial circles. His reputation stems mainly from his previous role as the president of Nationwide Financial’s Sales and Distribution Organization. During his tenure, David played a considerable role in the growth of the division from $11B to $17.8B in revenue. In fact, he also led the wholesale distribution and strategy of annuities, life insurance, private-sector retirement plans, and mutual funds through IMO, regional firms, banks, and RIAs among others. Giertz’s experience in the industry is nothing short of incredible, as it spans more than three decades.
Before joining Nationwide, David Giertz worked for Citigroup Investment Services in the capacity of a financial services advisor. Later on, he got a promotion to become area director before progressing to become the company’s executive VP of sales. This career advancement was mainly due to his impressive track record, especially in surpassing several industry expectations. Away from his career background, David Giertz is a renowned Certified Business Coach who works in close collaboration with the World Association of Business Coaches.