David Giertz shares with the Reporter Expert 3 ways in which Millennials can smartly save for retirement. Typically by age 22, millennials are already starting to save for retirement. Giertz shares tips to maximize the benefits and methods of saving for retirement, stating that many millennial are not properly informed when preparing for the future.
David Giertz first recommends each person extensively evaluates their financial situation. While continuing to save, Giertz advises to prioritize paying off any debt as fast as possible. Paying off all debt including loans, credit cards, and tuition as fast as possible is a key component in saving for retirement.
Giertz suggests taking advantage of compound interest through an A ROTH IRA. An A ROTH IRA has saved money taxed before a deposit is made, and can be accessed tax free upon retirement. So it’s already paid for, contrary to a 401(k). The earlier money is saved, the more compound interest can be build as more money is added throughout your life upon promotions, bonuses, etc.
Lastly, Giertz recommends that one of the best ways to save money for retirement is to create a second source of income through a side business and/or hobby. All efforts made towards saving for retirement is drone through a leisurely activity.
David Giertz has 30 years worth of leading within the financial industry amongst prestigious institutions. Beginning as a Financial Services Advisor, Giertz has progressed to Executive Vice President of Sales at Citigroup and most recently served as President of Nationwide Financial’s sale and distribution organization where he profited upwards of $6 Billion of Revenue for the company. Through WABC he is a Certified Business Coach and served on numerous boards. To visit his professional website, click here.
David Giertz is a prolific financial guru who has a sterling career spanning thirty years. David has integrated numerous approaches in trying to ensure the continuous rise in profits. David inculcates aspects such as innovation, strategies, and processes to realize his visions. David is an alumnus of Millikin University where he obtained his Bachelor of Science degree. He acquired his Masters in Business Administration from the Miami University. David is the current president of the Nationwide Financial Distributors and the regional vice president in the South-eastern US. David has been certified as a Business Coach with the WABC. David has managed to coach more than one hundred individual and has an 87 percentile growth in his performance. David has previously worked as a financial advisor at Citigroup.
David Giertz has managed to achieve a lot when working with the National wide Financial Company. David increased the revenue of the company from a bare minimum of eleven billion dollars to the current 17.1 billion dollars in his tenure. David is able to transact business in the entire globe in line with his line of action.
David Giertz has wide spectrum rationale in offering expert counsel on the best ways companies such as millennial can better plan for the retirement money. David begins with highlighting the fact that individuals need to evaluate their financial health. That implies that individuals need to foot bills and debts so that he can have the peace of mind to focus on major projects. The debts range from the college fees and even the much owed for doing petty purchases. One should then subject his or her money to the compound interest scheme.
David advises that one should hatch up a plan on how to come up with an aside work that will help in making an extra buck. The gig can be achieved even at leisure time. The much that one gets as retirement money can be engaged in the production processes and hence get accrue profits from the sales. One can start a small business that will enable him to acquire residual income that will facilitate his mobility in running his errands.