David Giertz is a visionary leader and renowned corporate executive. As a business leader, David has an expansive experience in financial services. Also, he is involved in various community organizations as a member and leader. Currently, Giertz is the President of Nationwide Financial Distributors.
The Advice on Retirement
Though some millennials are financially gearing up for their retirement, a good number are not. David outlined financial plans for the millennials as they prepare for retirement.
First, he begins by advising the millennials to analyze their financial health. This evaluation includes ensuring that they are saving enough as well as meeting their financial obligations as fast as possible. According to David, one needs to act early and quickly when it comes to savings and clearing any form of debts.
Secondly, millennials need to utilize the compound interest to their advantage. David stated that retirement plans like Roth IRA are advantageous. Roth IRA taxation happens before depositing and once you retire the savings is accessed as tax-free. Therefore, a lot of saving can be done using this plan. Lastly, David advice the millennials to diversify their income source to get enough cash for spending and retirement savings. According to Giertz, millennials should strive to turn their ideas and hobbies into business ventures to earn money.
About David Giertz
David Giertz graduated from the Millikin University with a bachelor’s degree in Business Administration and Management. He began his career at Citigroup as the Financial Services Advisor. His commitment saw him promoted to be the Area Director before becoming the Executive Vice president of Sales. In 1999, Giertz joined the Nationwide Financials as the Regional Vice President in Miami. In 2003, he attained the executive MBA from the University of Miami, School of Business.
In 2004, Giertz was appointed to Nationwide Financials distribution channel. Over the years he has served in various positions at Nationwide. David became the President of the Nationwide Financial sales and distribution organization in 2013 until 2016. As the president, David responsibilities included strategic planning, management, and supervision of the distribution of company’s product. Through his exceptional management skills, David improved the organization revenue by more than $6 billion.