David Giertz noted that most millennial start preparing for retirements when they are 22 years. Majority of this group get wrong information about the preparation process according to Mr. Giertz. Here, he outlines three ways the millennial should plan their retirement money.
- Keep Track of your Finances
Keep count of all your money and make sure you are both taking care of essential needs and also saving enough money. Pay off debts on time to avoid accrued rates. David Giertz encourages people to start saving early.
- Compound Interest
The financial advisor asks investors to take advantage of compound interest. Make it a habit to always deposit some cash into your retirement account to enjoy the compound interests throughout your saving. Upon retirement, you will be accessing your finances tax-free as it was taxed before depositing.
- Start a Side Job
The best way to raise money for the future is having other sources of income apart from your main occupation. The high cost of household commodities means that you will be saving little or nothing. David Giertz says that an entrepreneur needs to identify their area of passion and experience when looking for a business opportunity.
About David Giertz
Recently, Mr. David was the head of Nationwide Financial’s Sales and Distribution Company and grew it from $11B to $17.8B profit. The new returns exceeded the targeted revenue. He leads the distribution and wholesale strategy of Private-Sector Retirement Plans, Specialty Markets, Life Insurance, Mutual Funds, and Annuities through, Independent Broker, Independent Dealers, banks, and wirehouses.
The certified business coach has trained more than 100 business leaders to encourage coaching culture. At the beginning of 2014, David was the leader of the Financial Institutions Bank. He expanded his channel in 2009, to involve Wirehouse distribution firm. It is during his leadership that income grew from $1.5B to $8B. In 1999, he joined Nationwide as a regional deputy president in Miami, FL. He managed to boost their revenue by 48%.
He has also worked at Citigroup, Millikin University and Girl Scouts of Broward County as a board member. David has been in the financial service field for over three decades. During his practice, the talented consultant has shown consistency in leveraging strategies, innovations, and processes to establish profitable growth.