To create a good retirement plan, one needs to save some money, have a good budget and cater for insurance requirements. Some of the savings will also be used on a daily spending and enjoyment of life. Most savers end up having a habit of saving which they cannot easily stop. It becomes strange for them to withdraw money from their investment or saving accounts to spend since they have adopted a simple lifestyle. Retirees need to understand that they can spend their money without guilt. Most people think that Americans do not save enough in preparation for their retirement, surprisingly, there are some of them who have saved a good amount of money by living a simple lifestyle.
Luck can sometimes contribute to the lives of individuals who are fighting to save money for retirement. Even astute investors need the luck to turn their dreams into reality. Unfortunately, some retired individuals are unable to spend what they have saved for years out of fear of the unknown. They avoid using their money to enjoy themselves and spend the rest of their lives without fulfilling some of their youthful desires. According to David Giertz, one needs to balance between saving money wisely and spending money with an equal sense of abandonment to enjoy their lives.
The most fundamental key to sound retirement is discipline in whatever manner a person plans to live his life based on his preferences. A well-developed retirement plan includes inheritance to the heirs as well as other demanding duties and activities. A retiree can also come up with the budget indicating funds allocated for traveling, holidays and other pleasurable activities. The retiree must also ensure that he has enough cash reserves which can help during an emergency.
David Luther Giertz is the President, Senior Vice President and Director for various Nationwide companies. He has served as Senior Vice President Nationwide Financial Distribution and Sales at Nationwide Life Insurance Company from April 2013. He has served at the position of Vice President of sales at Nationwide Financial Services, Inc. From 2009 to 2013, he held the same position at the FI/WH a Vice President-NF Sales from 2004 to 2009.
David Giertz has experience as a financial advisor for over 30 years. He also held the position of a financial advisor for ten years at the Citigroup. Through his aid, many retirees can enjoy a stress-free life after retirement.