According to financial advisor David Giertz, people should seek a balance between saving wisely and spending on needed things with an equal amount of energy. He offers insights on how to live responsibly without wasting the investments needed to have fun during one’s golden years. Giertz has a lifetime of experience to bring to the table. Positions he served in include Senior VP for Nationwide Financial Distribution and Sales. He was also President of Nationwide Financial Distributors in his tenure with the company.
David Giertz has some timely advice to give to people who are saving for retirement. Saving money can become a difficult habit to break once formed. Putting money aside for an emergency may seem like a difficult task at first, but it becomes easier the more a person does it. It becomes a habit that takes root. Social Security should also become a retirement consideration as pensions are dying off and drying up.
On the other hand, some people that have managed to save millions sometimes are hesitant to spend any of their savings as their daily existence may be far from extravagant. David Giertz teaches that it is okay to spend money without feeling any guilt. There is no point in having saved a lifetime and not being able to enjoy it during one’s golden years.
There are a number of things to consider when working toward a sound retirement. Discipline is the key, along with several different savings approaches. A person should decide early on how much money they will need to leave for their heirs as well. They should also make sure enough cash is on hand for any emergencies that might arise. Their plan should also include enjoyment for their own life. It will have made it all worthwhile.