David Giertz Word of Advice to People on Retirement Plans.

David Giertz is a very qualified and amiable man who has been in the financial industry for more than 30 years hence have gained a lot of experience in that particular field. David studied at the University of Miami, where he acquired an MBA and also holds Bachelor of Science from Millikin University.

His career journey kicked off when he became the Financial Services Advisor at Citigroup. As a result of the good work he did in the company, he was promoted to become the Area Director then later to Executive Vice President of sales where he continued to outshine in his co-operate goals.

David serves as the President of Nationwide Financial, a sales and distribution organization. He highly contributed to the growth of the organization from $11B to $17.8B in beneficial revenue. As a result, David was given the role to lead the wholesale strategy and spreading of private sector Retirements Plans, Life Insurance, Specialty Markets, Annuities and Mutual Funds through Banks, Independent Dealers, and Regional Firms.

David Giertz being a financial advisor recently gave tips for retirement planning looking at the different retirement plans available. In his advice, he stated that if you have a 401(k) retirement account, you ought to know that the limits are being elevated and employees can now commit up to $18,500 per annum in their accounts. For those at the age of 50 years and above who wish to do some catch-up contributions, they can commit an additional $6,000 per annum to their contribution totaling up to $24,500 annually. David admitted that this is an opportunity that no one should dismiss.

He also states that if you have Roth IRA, you need to pay attention to the recently placed changes for 2018. As the recent rules states, if an individuals yearly salary is more than a certain limit, it will be impossible to contribute to the Roth IRA. However, the good news is that there will be a rise in the contributions limits. Additionally, for those taxpayers who file for either single or head-of-household, the income will range from $120,000-$135,000. For the married people, they will have an option to pick either the married-filing-jointly or married-filing-separately, however, the amounts will have the same range as the traditional IRA.

Leave a Reply