Getting the Most Out of a Social Security Plan

Through a survey conducted by National Wide Retirement Financial Institute, whose members are mostly the retired and those who are ten years away from retirement, most financial advisers don’t talk about social security to their clients. In the survey, it also showed that four out of five people were willing to change their financial advisers if they were not talking about social security.



According to David, most financial advisers tend to avoid the topic of social security, as it’s seen as a wide complex topic which is based on numerous rules. This was seen to have a negative effect to the advisers, as clients were seen to move to advisers who were concerned about social security plans. This means that financial advisers may require to equip themselves on the issue. In the survey, they also found out that those who turn on to social security so early may lose up to $300,000 for a period of more than twenty-five years, which translates to one thousand dollars a month, thus the need to optimize on the social security plan.



Having an MBA from the University of Miami and a BS from Millikin University, David Giertz is the current President of Nationwide Financial’s sales and distribution organization, (NFS Distributors Inc). His responsibilities range from wholesale strategy and distribution of retirement plans in the private sector, specialty markets, life insurance, annuities and mutual funds through banks as well as independent dealers and regional firms.



Having an experience of more than three decades in the financial service industry, David Giertz has been involved with various organizations. He has previously held position on the board of Trustees with Millikin University and currently holds a position as an arbitrator with FINRA. Mr. Giertz has as well served as President, Senior Vice President and Director for several other Nationwide companies.

Are the Golden Days Over For Kyle Bass?


Hedge fund manager Kyle Bass finds himself in deep water while consumers continue to enjoy the benefits of lower oil and gas prices. According to the Wall Street Journal, his Dallas-based fund is in trouble. With 2016 nearly over, the fund is down approximately 7 percent which is far below where he expected it to be. This is the third consecutive year of losses for Kyle Bass and one has to wonder, how long can he keep this up?


Based on advice Bass sought from well-known T. Boone Pickens in March 2015, Kyle was sure that oil and gas prices would rise much more than they have. Many feel that Pickens deserves his share of criticism, but in all fairness, Kyle wasn’t forced to use the info he received from Pickens, he did it freely, and now his investors suffer for it. In spite of all the recent bad press, Kyle stands his ground whether it appears to be sinking under him or not. He still claims there is a huge opportunity for investors who wish to follow him to riches, or ruin, in the energy market. However, it remains to be seen how many will now be brave, or foolhardy enough to do so.


UsefulStooges tells us that Kyle Bass may be quite popular among Argentine autocrats but he and his firm Hayman Capital Management enjoys less and less popularity in the rest of the world. Bass may have once been considered the “golden child” of Capital Management by his success in predicting the subprime mortgage crises of 2008 but that was 8 years ago, and time marches on. It’s easy to lose sight of Kyle’s few successful ventures when so many following them are buried in failure.


Most people with as many failures following them as Kyle Bass has tend to keep a lower profile, but that hasn’t been the case with him. He is frequently seen on television trying to gather followers to his cause by offering “analysis” that he somehow always slants to benefit his own bottom line more than anyone else’s. Two wise words to remember when dealing with Kyle would appear to be “investor beware!”