As President of the Nationwide Financial distribution and sales division, David Giertz wants financial advisers to succeed. He started out in the business over 30 years ago with Citibank. He began working for Nationwide Financial in 1999. He has worked his way up the ladder the hard way, and he has seen a lot in his 30-year career.
And one of the mistakes he sees too many financial advisers make is ignoring Social Security. The Nationwide Retirement Institute surveyed 900 people close to or in retirement, and most of their respondents said their advisers did not bring up the subject. However, it is essential because Social Security can make up to 40% of a retiree’s total income after they leave their work.
For example, many people begin receiving Social Security at what the law calls the “early retirement” age of 62. That looks good to many people. They forget their full retirement age is from 65 to 67 depending on their date of birth, and they permanently lower their monthly benefit amount for every month they file for retirement prior to attaining their full retirement age. And working beyond the full retirement age will further raise their amount of their eventual benefits, up until age 70. Many people do not realize they need to delay receiving checks until they turn 70 if they want to maximize their Social Security income. There is no good reason to delay after attaining age 70.
Also, many people don’t realize the government taxes Social Security checks if they receive enough other income. Some people begin receiving checks and yet continue working, and this can put their total income above the level where it must be taxed. That is the kind of situation financial advisers should help people understand and avoid.
David Giertz started out at Citibank as a Financial Services Adviser. Since taking over as President of the distribution and sales at Nationwide Financial, he raised total sales from $11 billion to $17.8 billion.
Felipe Montoro Jens is the CEO and President of the Odebrecht Real estate and Investment Company based in Brazil. Felipe Montoro Jens has more than two decades of experience in the world of investment and the real estate industry. Felipe Montoro Jens is also the CEO and Founder of the Captacao S.A. Company based in Brazil. This is an investment banking company that has strived to solve most of the financial problems facing the wealthy individuals in the country. Felipe Montoro Jens is also the central administrative agent of the Federal SA Company in the country. In the recent past, Felipe Montoro Jens served as the Santo Antonio Energy Company Coordinator.
Felipe Montoro Jens has also talked about the intentions of the Rio City to open more than 40,000 pre-school facilities and 20,000 day-care centers under the leadership of the mayor. According to Felipe Montoro Jens, this is one of the greatest moves that will propel the city into greater heights of professionalism. For this reason, we might consider using some of these provisions to accelerate the productivity of the city. This is a move that will be realized by the end of the year 2020 because of the complexity of the concerns.
Marcello Crivella, the Mayor of the Rio City in Brazil, has decided to choose the Public-Private Partnership Company to carry out this task in the city. This is because he has seen the real estate company work for better business productions in the industry. For this reason, they ended up achieving advantages for the correlated facility. Few companies have assimilated their accredited solutions in a manner that solves the problems the city faces when it comes to poor sanitation services. Felipe Montoro Jens has also congratulated the mayor for choosing this company as it has a track record of successful animation technologies.
Find out more about Felipe Montoro Jens: http://maringa.odiario.com/politica/2017/03/felipe-montoro-jens-fala-sobre-parcerias-publico-privadas-no-brasil/2348581/
Highland Capital Management was co-founded by James Dondero in 1993. This financial investment firm, based in Texas, specializes in alternative investments such as distressed investment funds and structured investments, as well as in stocks and bonds. The company announced that they increased the shares they own in Nexpoint Credit Strategy Funds to 5% of outstanding common shares. Combined with the shares personally owned by James Dondero in the fund this makes up 18.8% of the company’s total shares value. After Morgan Stanly Highland Capital Management is now the second largest investor in Nexpoint Credit Strategy Funds.
Nexpoint Credit Strategy Funds has recently beaten the S&P 500 and is in the top 10% of Close End Funds (CEFs). The fund invests in below investment grade bonds as well as equities that hedge risks. The fund invests heavily in the Real Estate Investment Trusts (REIT) Freedom REIT and Highland Real Estate Capital REIT. So far the fund is up almost 6% for the year and paid $0.24 per share in the last monthly dividend payment to shareholders.
James Dondero serves as the President of Highland Capital Management. He has been involved in financial investing for over 30 years. He graduated from the McIntire School of Commerce at the University of Virgina with a Bachelor’s degrees in Accounting and Finance. He started his professional career as an Analyst with Morgan Guaranty and then a Corporate Bond Analyst and Portfolio Manager at American Express before co-founding Highland Capital Management in 1993.
Dondero has also been active with philanthropy. The main areas he directs his energy and money towards are in education, public policy, and veteran’s affairs. He has donated millions to non-profits in the Dallas area including the Education is Freedom organization. This non-profit gives financial assistance to disadvantaged young people who are looking to graduate from college. Among the other charities he supports he has supported is the Perot Museum of Natural Science. This museum gives provides children with education and exhibits that feature engineering, energy, and innovation. Through Highland Capital he donated $1 million to bring hippos back to the Dallas Zoo and build a center that educates people about them.