David Giertz Has Important Advice For Financial Advisers And Their Clients About Social Security

Speaking to columnist Veronica Dagher from the Wall Street Journal’s Financial Adviser, David Giertz had some information for financial advisers and clients as to the importance of communicating about Social Security benefits. Specifically, those approaching retirement age.

 

The Nationwide Financial Retirement Institute conducted a survey that showed 86% of those approaching retirement were unable to correctly identify what factors would determine the amount of their Social Security benefits. This is important, David Giertz explains, not only for the clients – but for advisers client retention as well. “4 out of 5 people would change advisers if their adviser wasn’t talking about Social Security” he stated.

 

Part of this, he says, may be due to the overall vastness and complexity of the rules governing Social Security, which may create apprehension and a lack of confidence in addressing it. However, with Social Security being as much as 40% of an individual’s retirement income it is often crucial for financial advisers to help their clients understand the importance of when to accept their Social Security benefits. Turning your benefits on too early could result in a reduction, costing up to $300,000 over a twenty-five year period, or $12,000 per year or $1,000 per month.

 

Failing to optimize benefits at this magnitude could be devastating to an individual’s retirement goals. This ‘land-grab’ mentality is one many advisers see and must continue to keep their clients informed about when planning for their retirement.

 

David Giertz is a FINRA registered broker with more than 31 years of financial adviser experience and he has four financial adviser exam code certifications to his credit.

 

Mr. Giertz has served with the Nationwide Investment Services Corporation family of companies since 2006. He is currently the President of Nationwide Financial Distributors, Inc. and Senior Vice-President-Nationwide Financial Distribution and Sales at Nationwide Life Insurance Company.

 

The Ignition Financial Way of Refinancing

When most people purchase a car, they are familiar with one way of doing that. They pick out their car, mostly based on the monthly payment that they can afford, and if they qualify for the loan, they get to drive the vehicle home that day.

 

From that point on, they pay their car payment until the car is paid off. However, there is another wrinkle to that occasion. Most folks don’t understand how most automobile financing programs work. The lenders or the people to supply the financing plans to car dealers and used car dealers are in a very competitive market, so they offer the dealerships some very good incentives to earn their business.

 

The lender places a buy rate or a floor which is the price to the dealership in the form of an interest rate. In turn, the dealer can mark the interest rate up for his profit. This rate for the dealer can be an additional 2% to 4%, which is then paid to the dealer as profit to him at the closing.

 

Consumers don’t realize for the most part that they could avoid this extra charge if they arrange their financing at their bank or credit union. This is why Ignition Financial of Austin, Texas can now offer an automobile refinancing program where a loan that a consumer made originally can be refinanced, which can save quite a bit of money.

 

Once a consumer learns that this program is available, they have no problem in saying, “Yes, please go ahead and slash my payments on my car loan.” The extra savings can mean so much to a family with expenses such as medical bills, school expenses, taxes and everything else in the way of costs families encounter.

 

Ignition can pre-calculate what the payments will be if a consumer wishes to take advantage of a refinancing program. When a consumer’s original car note was established at an earlier time, the individual’s credit may have been at a low point, and possibly not it has been built back up. There is no need in a case such as this for anyone to stay with the older car payments.

 

The Ignition car refinancing program is the sensible thing to do in most cases due to the proprietary plan available. When people understand the program and see it in action in their own situation, there is no equivication in the matter.

Richard Blair Shares 3 Tips For Homeowners Looking To Rent On Airbnb

Richard Blair is an investment advisor who has been in the finance industry for almost 30 years. His number one goal is and has always been to provide the best possible advice to those seeking to make a significant and positive change in their lives. His commitment to financial and investment planning is what makes him stand out in the crowd.

He is constantly educating himself on what’s going on in the market so he can advice his clients on which strategies they should use to meet their financial goals. With that being said, if you are considering renting your home on Airbnb, Richard Blair has 3 tips for you to follow.

#1 – Consider The Risks

Before you list your home on Airbnb, take the time to consider all potential risks. Most people fail to realize that as the homeowner, you are the one who will be held liable for injuries to guests, damage to the property or any illegal activity that takes place on the property.

#2 – Find Out If Your Insurance Covers Short Term Rentals

Most homeowners insurance policies do not cover short term rentals. That means any expenses that are incurred will ultimately come out of your pocket.

#3 – Make Sure You Understand How Airbnb Host Protection Works

After a few scary incidents Airbnb now offers all hosts what is known as Host Protection Insurance. Host Protection Insurance provides all hosts with up to $1,000,000 in primary liability coverage for incidents related to an Airbnb stay.

And while this may sound good, Blair advises homeowners to be careful. With all the exclusions, conditions and limitations associated with the protection, chances are it won’t cover you when you need it. That’s why it is so important you take the time to understand how it works. You want to make sure you are properly covered before you let anyone rent out your home.

More About Richard Blair

From a very young age Richard Blair loved learning. Growing up in a family full of he teachers he was able to experience first hand the power of education and how it can change ones life.

In 1993 after graduating college he immediately started working in the finance industry. A year later in 1994 he opened Wealth Solutions so that he could provide all of his clients with objective and unbiased financial advice.

Over the years he has helped thousands of individuals avoid the common pitfalls of retirement and financial planning. To learn more about Richard Blair visit http://www.wealthsolutionsria.com/p/my-story.

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