David Giertz: Spending Money during Retirement Days is Not a Crime

September 8th, 2017 by admin
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Saving money is a noble exercise that requires both patience and dedication. The advice every working citizen is given is to save enough money in readiness of retirement, irrespective of whether one has an insurance cover for the same. Those who heed the advice come up with a solid saving plan, directing a certain percentage of their total earning to savings. After struggling with the temptation of using up the savings at the beginning, a person overgrows that temptation and learns to survive on the little that is left after saving. At the end of it all, spending money becomes more of a taboo; people who are so used to saving money find it hard to spend.

Saving For Retirement As Explained By David Giertz

According to David Giertz, this saving culture affects people after retirements to the point of fearing to spend their savings. As such, the fundamental reason as to why a person saved the money is rendered useless. David argues that if a retired person fails to spend the money he saved for spending during his retirement days, then there was no point of saving in the first place. He says that the greater percentage of Americans shelve extravagance in their youthful days and save for their old age.

Saving money is not as complex as people view it. David explains that saving can be as simple as taking lunch at home instead of eating in a restaurant. This form of discipline is important but one must be careful not to be lured by it to become a money worshipper. Those who worship money are ever speculative of rainy days ahead and end up accumulating a lot of money that at the end is not useful. In his submission, David Giertz argues that there is absolutely nothing wrong with spending. Having a huge amount of money lying idle in old age is not advisable.

David L. Giertz

Mr. David L. Giertz is an experienced person in matters of retirement owing to his senior vice president position at Nationwide Financial Distribution, a department of Nationwide Life Insurance Company. David uses this experience to help people in their retirement planning.

Earlier in David’s career, he served as the vice president of sales at FI/WH. Today, David is in his mid-50s, and he is never economical with mentoring young professionals.

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