Planning for Retirement with David Giertz

David Giertz is a successful inspirational and visionary leader who has over 30 years of experience in services of the financial industry. He is a graduate of Millikin University with a Bachelor of Science and an MBA from the University of Miami. In his career, he has presided over the Nationwide Financial and Distribution organization where he made the tremendous growth of the company from $11B to $17.8B in profitable revenue. In addition, he has been the President of Nationwide FI Distributors Agency as well as the Regional Vice President of the same company where he joined in 1999 and was located in Miami. Moreover, he has been involved in a number of community organizations including his former school Millikin as the Chair of Board of trustees.

As an inspirational leader, he has shared some advice to those who wish for quick retirement with no regrets afterward. He states that successful retirement requires financial independence and has gone an extra mile and discussed three steps that one needs to follow in order to be financially secure. The first step is saving enough money; he advises that one should save as much as they can while still working because no one has the ability to predict how much they may require after retirement. For example, an individual who wishes to follow a standard retirement program should aim at saving 10 times their annual income while those that look forward to an earlier retire should save more.

The second step is to have a flexible retirement plan to avoid early withdrawal penalties. Since many accounts penalize early withdrawals, David Giertz suggests Roth IRA that allows one to withdraw freely with no restrictions. Since it is limited to earners of below $118,000 there is also the 72t and 401k rule for higher earners. Thirdly, one is required to make investments which will supplement the retirement savings account. For instance, one may own an after-tax account which enables them to buy or sell bonds, stocks, and funds. Moreover, there are other aspects apart from the three which include, the type of account, the best way to deposit money, accounting for all your expenses, among others.

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