David Giertz knows that millenials need to to be looking ahead and planning for their retirement. He has found that while many millenials are ahead of the curve and are already preparing financially for their retirement at the age of 22, they don’t know everything about how to use the money they are saving. To help out, he has written quite a bit about how millenials can make more effective plans for their future, and below is just a taste of the advice he offers.
How Millenials Can Best Save For Retirement
David Giertz believes that it is very important to take a closer look at your financial health. Many people save for the future while at the same time ignoring paying off present debt. He advises millenials to pay off their debt as fast as they possibly can, so they can focus more on saving. If you have car payments, home payments, credit cards, loans, or student debt, you need to pay them off quickly.
He also advises millenials to consider investing in a Roth IRA, because compound interest is an ally of retirement savings. The earlier you start saving, the more compound interest you can accumulate, and he says that people will be amazed by how much money can eventually build up, over time, through compound interest. On top of this, millenials should consider getting a side gig or a side hobby that can benefit them in a financial way. He believes that millenials should pick something they like to do and turn it into some kind of entrepreneurial pursuit that can help them to save more money on the side.
David Giertz has been in the progressive financial services industry for more than three decades and, in recent times, grew Nationwide Financial from an $11 billion company to a $17.8 billion company. His consistency in helping many different businesses throughout the course of his career to grow has led him to be considered a global leader in the financial services field. He earned his MBA while attending the University of Miami and also received a Bachelor’s of Science from Millikin University.
Find out more about David Giertz: https://patch.com/ohio/cincinnati/learning-meaningful-retirement-planning-industry-expert-david-giertz