Financial advisor David Giertz recently gave some tips for life after retirement. Far too often, he says, people will retire before they are financially ready to do so. Instead of putting together a plan they wing it and end up in a far worse position than they otherwise would have.
As David Giertz reminds people, failing to plan is planning to fail. He says retiring early is never an easy task and it will be far more difficult if you’re not following a plan. Retirement accounts are where most people sock away money for retirement. Many people, though, didn’t save enough for a comfortable retirement no matter how much they earned during their working years.
The conventional numbers for retirement at age 65 is that you need six times your annual salary at age 50 invested and ten times this number at age 60. Once you are 65 you should have about thirteen to fifteen times your annual salary invested. However, what if you want to retire early at age 55? David Giertz says that if that is the case it will take no less than 33 times your annual income saved and invested at that age.
David Giertz has been helping people save for retirement for over 30 years. He attended Millikin University and graduated in 1986 with a degree in business administration and management. After that, he became registered as a broker with FINRA and joined the financial industry. Over the course of his career, he achieved the executive levels at a few companies, including Nationwide Investment Services Corporation. In order to help with his career goals, he went back to college in 2002 and earned his MBA in 2003.
David Giertz has shared his knowledge of financial matters in a number of ways. He earned a spot on Millikin University’s Board of Trustees for a number of years. He has also earned the industry arbitrator designation that is overseen by FINRA. He seeks to educate his clients on the best ways to save for retirement as well as any other financial goals they may have.