As a financial adviser are you speaking to your clients about Social Security as a part of their retirement plan? To many advisers that would only make common sense but come to find out, according to David Giertz, too many advisers are not and it may be costing them clients and their clients money.
David Giertz has over 30 years experience in the financial services field. After receiving his MBA from the University of Miami, Fl entered into the financial services industry. In 1999 he joined Nationwide as a regional Vice President after beginning his career with Citigroup where he spent 10 years as a financial advisor. With many major successes and accomplishments over his career his most recent achievement was taking Nationwide’s operating revenues from $11 Billion dollars to $17.8 Billion dollars profits.
Recently he sat down with the Wall Street Journal for an interview on the topic of retirement and Social Security, here’s what he had to share with you.
Most financial advisors are not speaking with their clients enough about Social Security and here’s why they should be. The results of a recent survey of retirees and people within 10 years of retirement by Nationwide found that most people are saying their advisors are not talking to them about Social Security and they were not happy about it. To the point that 4 out of 5 of those surveyed said they would change advisors if they were not discussing Social Security with them.
David Giertz believes this is happening due to what a complex topic it can be. The handbook for Social Security has 2700 rules and understanding and having confidence in regards to all those rules can be discouraging to advisors. In addition to risk losing clients by not discussing it with them is in some cases Social Security can be up to 40% of a client’s retirement portfolio. Another factor is some clients that turn on Social Security too early could lose up to $300,000.00 over a 25 year period during their retired years. Quite a substantial sum of money.
There may not be any completely foolproof way to secure user privacy online, but there are steps that can be taken to safeguard data as much as possible. That’s what ClassDojo has done with each new version that’s come out. This app is basically a classroom communication app that’s taken a lot of ideas from the Facebook model but made them education-friendly and is still growing today. Its biggest accomplishment has been making sure user data is protected and not available to data mining companies. Many social media brands and Google have come under fire for selling user data to advertisers, but ClassDojo has been transparent about making sure it never happens with their app. And they’ve added additional security layers to make sure it’s less vulnerable to cyber attacks.
ClassDojo has amassed over $30 million in venture capital and it’s become very popular at public schools all over the US. Sam Chaudhary and Liam Don got the idea for it back in 2010 when they visited the US on a grad student trip to get ideas for a new app they wanted to develop. They felt education was lacking real solutions in the technology age, so they asked teachers at a convention what they thought could be done to help them. The first solution was an app that could give out points to students every time they behaved well in class, did their homework and participated in discussions. But Chaudhary and Don realized this app could do a lot more than that.
Chaudhary and Don turned their ClassDojo app into a big success because they listened to user reviews and input on how it could become even better. They not only added more communication features but also teamed with an educational foundation from Stanford to put together student growth videos with educational characters. ClassDojo has allowed teachers to be in constant contact with parents that it’s become a replacement for parent-teacher meetings. The app is free to download and it’s stayed cost-effective for its development team because it spends no money on advertising costs. The app could be rolling out new optional premium content soon.
The SENS Research Foundation is an organization that develops a cure for aging diseases by applying biotechnology solutions. SENS holds a conference every year to discuss emerging issues in the field of biotechnology. The attendees of the conference discuss how they can develop drugs that will combat negative effects of aging. Aging is associated with numerous diseases that affect human beings at a critical stage of their life. The conference is attended by many experts from all over the world. They give their opinions regarding various approaches which would lead to the development of drugs that cure old age diseases. Most of the ideas that are discussed in the conference relate to diseases such as cancer, Parkinson’s disease, Alzheimer and cellular damage.
SENS Research Foundation aims at growing the rejuvenation biotechnology industry that will facilitate the development of solutions for human needs. SENS Research Foundation is a nonprofit organization which is supported by well-wishers who believe in the programs that they run. Entrepreneur Jason hope is one of the biggest supporters of this group. He is an advocate of biotechnology solution for human problems. He hopes that SENS work will result in eradication of old age diseases.
In 2010, Jason Hope offered SENS $500,000 in donations. The funds have been used to develop laboratories for research as well as initiating new programs. Jason Hope saw the innovativeness of this group and believed that they could develop drugs to fight old age diseases. SENS was interested in a cure for degenerative diseases that weaken the human body and making it susceptible to diseases such as cancer. Jason Hope believes that the world would be a much better place if old age diseases were cured.
SENS Research Foundation has set precedence in the biotechnology industry by advocating for advanced research which will lead to a milestone in the treatment of human diseases. Cases of old age diseases are too many lately, and only research-oriented strategies can lead to the development of anti-aging drugs.
About Jason Hope
Jason Hope is an expert on matters of technology. He has been researching about technological advancements and advising people on what to do to align their objectives in life with technology. Jason Hope is a holder of MBA from the W.P Carey School of Business.
Jason hope is also known for his expertise on the Internet of things technology. He has been advocating for people and businesses to prepare themselves for the Internet of Things which is a technology that will be disruptive in many ways.
Jason Hope’s Facebook Page: www.facebook.com/jason.r.hope