David Luther Giertz graduated from Millikin University with a Bachelor of Science Degree and later went to the University of Miami where he graduated with a Master of Business Administration (MBA) degree. He later attained certification as a business coach with WABC.
David Giertz is currently the financial advisor of Nationwide Investment Services Corporation with more than thirty years’ experience in the industry. He is categorized as one of the best advisors in the finance industry with accomplished and inspirational leadership skills. On a recent interview, Giertz was discussing life after retirement and what people should try and do before retirement.David Giertz argued that people retire and find themselves in predicaments basically due to lack of proper plans.
The monthly salary is not supposed to be a consideration when planning for retirement. This is because it may not be easy to save even when the salary looks big. Retirement may need much money than the estimated amount since retirement will mean spending more than a person is earning. It will, therefore, be necessary to start saving early enough to have a sizeable amount when that time comes.
There are several issues that need to be considered when saving money in the plan for retirement. The first consideration is the amount of money saved in a given period of time, which gives the total amount saved before the retirement time. It is important to save up to six times the current yearly income before attaining an age of fifty years. By the time one gets to sixty, they will need to have saved up to ten times their annual income to be at a conventional level. This means by the time the person retires, they will have saved about thirteen to fifteen times their monthly income.