3 tips for retiring early by David Giertz

David Giertz is an accomplished professional in the financial services industry. He has a working experience of 30 years and an Executive MBA and Bachelor of Science degree. With his education and experience, David can change institution’s processes, innovation, and strategy resulting in tremendous and profitable growth.

Recently, David served as the President of Nationwide Financial’s distribution and sales organization. He granted an impressive profitable revenue that exceeded the targets of P&L as he increased it from $11B to $17.8B. David is a leader and expert in business and strategy. Today, David continues to astonish institutions with the enormous profits that these they make thanks to his expertise.

As David continues to exceed the ordinary, he still offers financial coaching. In his advice about early retirement, David talked about steps that one can follow to be financially independent and retire early successfully without any regret. The following are three fundamental tips from David Giertz for early retirement.

  1. Have enough savings

One can’t be sure of the amount he will need after leaving his job. Consequently, David advises people to save as much as possible when working. If you are planning for the standard retirement, you should aim to have saved ten times your annual pay by the time you are sixty. If you considering to retire earlier, you will need to work harder and save more times your yearly pay.

  1. Go for a flexible retirement plan

Most retirement plans will penalize you if you withdraw your savings early. David Giertz advises any person wishing to retire early to choose a flexible program to avoid such penalties. Besides, David suggests that one can go with Roth IRA plan. Although this plan is limited to those earning below $118,000 annually, one can withdraw money without penalties. 72t rule and 401(k) are other retirement plans with few restrictions that you can consider.

  1. Invest

David notes that your savings are likely to increase if you invest your extra savings. You will find that an after-tax account is more flexible compared to a retirement account because you can withdraw at any time. Consequently, having such account will help you sell and buy currencies, stocks, and bonds. Also, a health savings accounts come in handy as it takes care of your future health care costs.

Retirement Advice from David Giertz

As a president at Nationwide Financial, financial advisor David Giertz has truly risen to the top of his profession. Giertz is known for giving moderate, sensible advice to retirees. While many advisors insist that people scrimp and save, Giertz understands that fun is important, too.

Many times, seniors who have worked hard and saved all their lives find it difficult to become comfortable spending money. They feel guilty for having fun, even when they have ample funds to let go a little bit. David Giertz seeks to give his clients in this position permission to enjoy themselves.

Giertz differentiates between good discipline and going overboard. He encourages prudence, but not austerity. Retirees with millions of dollars in the bank have earned the privilege of taking a trip, or trying a new hobby. At the same time, Giertz understands that social security alone cannot provide a comfortable existence.

It’s important to find a balance. No one wants to be impoverished in retirement. But it’s important to understand that you can’t take your wealth with you; money is made to be spent, after all.

David Giertz has over 30 years of experience in the field of finance. Throughout his career, he has been a valued asset. Prior to his tenure at Nationwide Financial, he spent 10 years at Citigroup. After rising through the ranks there, he became executive vice president of sales. Today, he presides over Nationwide’s sales and distribution organization.

Giertz is a graduate of Millikin University. He completed his MBA at the University of Miami. He is registered with FINRA as a broker, and holds a number of certifications.

Read more about David Giertz:

http://frenchtribune.com/teneur/25356-david-giertz-says-financial-advisors-are-failing-not-talking-their-clients-about-social