There are many people that have reached their retirement age but are being forced to work and some even beg and become homeless as a result of not planning properly for their retirement. One of the greatest investors of the current times, David Giertz feels that solving this type of problem will be done the moment that people that work in the banking, financial and investment sectors start telling their clients the truth about social security.
For instance, the people who are in the middle and lower brackets of earning are the ones that benefit the most from social security at https://about.me/davidgiertz. It is unfortunate that these are the same people who treat the issue with the highest level of ignorance. The other thing that they do not seem to understand is the fact that one can be entitled to not one but up to three types of benefits at a go. Claiming these benefits is another challenge for the retirees and the veterans. The moment on angel.co that some of them hear the mention of lawyers and making claims, they somehow shut down or decide that the benefits aren’t worth the trouble.
The other issue that comes in is the fact that these people do not understand exactly how much they are owed as compensation on Twitter. The social security does consider factors such as inflation before they make the final calculations on the person’s final earnings in social security. People that worked in the nineties may have their then salary multiplied by two before the benefits are calculated in order to factor in inflation.
Lastly, for the people that are still in the workforce, David Giertz says that they need to stop cutting corners when paying taxes because the less you pay, the less you will get when you get to retirement. In short, David Giertz believes that knowing the things to do and avoid will help clients avoid sad and poor sunset years.