In an interview with the Wall Street Journal David Giertz advises people to go running for the hills if their financial advisors do not speak to them about one really important things, social security. Giertz is the President of Financial Distribution and Sales at Nationwide Life Insurance Company, and has over thirty years of experience in the finance industry. He has worked as a financial advisor for several companies, has passed several exams and currently maintains active registration to do business in over fifteen states. If anyone gives sound financial advice, it is David Giertz.

Though he does not really tell people to go running from advisors who do not mention social security to their clients ,he does think that both financial advisors and clients should know a thing or two about social security.In fact, he talked about how clients are likely to switch when advisors do not bring up social security. Maximizing the amount of social security you get requires careful consideration. Giertz also discusses how studies conducted by his firm have found that most people cannot accurately identify the factors that might effect how much social security one is able to collect. This is not good, considering the fact that social security has become a big part of retirement planning over the years.

Retirement planning has become more difficult over the years, which is why people have become dependent on their social security benefits. Withdrawing from social security too early into retirement, however, can cause people to lose out on money. Giertz says that people who withdraw too early could miss out on $300,000 over 25 years. A person can greatly benefit from choosing to wait until after reaching their “full retirement age” to withdraw from social security. Full retirement age is typically between 65-67, but with life expectancies being longer nowadays even the assistance of social security might fall short of allowing people to live the retired lives they dream of. Though there are a few other factors that might effect how helpful social security is to someone’s retirement, it is wise to maximize it as Giertz says.