David Giertz: Plan your retirement with smart investment decisions

Retirement planning is one important part of every human being. This entails surviving with no monthly salary from an employer. What should one do to survive these periods when there is no income coming through. According to financial advisor David Giertz, it is good for one to ensure that they start planning for their retirement early in life. The mistake most people do is to approach retirement life with no plan or at best having little savings that they cannot survive on.

According to David Giertz, anyone who wants to have a stable retirement life must either save a lot or must make investments that will reward throughout the retirement period. The problem with the first option is that, rarely will we be able to save enough from our paychecks. Even for the highest earners, it is extremely difficult for them to save enough money that they can solely depend on for their entire life.

The second option which is investments is the most plausible option. However, even with investments, one must have a clearly and well thought out plan. With investment you must ask yourself, how will I invest? On what will I invest on? When do I invest? These are critical questions that one must answer.

For you to make smart decisions related to retirement you must first establish if you can save enough money in case of an early retirement. With early retirement, one will not have the luxury of many years saving from the paycheck. In case of early retirement, say around 50 years, one will be required to save even more. In fact, one should save a minimum of 33 times the amount earned annually in the current job description. This, however, is almost practically impossible.

Once you have established how much you need to save, the second step should be coming up with a retirement plan that will help you accomplish the first objective in the first step.

About David Gertz

David Giertz is a prominent financial advisor, who has worked for the biggest corporations in the world. In the businesses he has been through, his impact has been significant. He has helped these businesses make a fortune every year.

David Giertz is a professional business coach having been registered by the WABC. He is also a certified industry arbiter.

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