David Giertz And His Views On Smaller Social Security Checks

Many people who are approaching retirement in ten years or are already retired tend to have misconceptions about Social Security. This is because their financial advisors are not informing them accordingly, as stated on Instagram by David Giertz in an interview. The result can be less income or even unexpected taxes for these retirees.

David Giertz talks about pensions drying up and going away. David Giertz is the president of distribution and sales at the Nationwide Financial Distributors. He is talking about creating a retirement income plan that can maximize the Social Security benefits.

A study on soundcloud.com has been conducted by Nationwide Retirement Institute. It is showing that nearly 30 percent of people who have retired are receiving less benefit than they expected.

Read more: These big mistakes will result in smaller Social Security checks

One of the biggest misconceptions here is that people think that they are 62 and they can start taking Social Security. Hence they take it. But Social Security was designed only to assist in retirement. It was not meant to entirely fund it. Hence there has to be a retirement plan too.

Even though eligibility for Social Security benefits starts at 62; the full retirement age as per the government is ranging from age 65 to 67. So waiting until that age, or delaying beyond that can result in a much bigger monthly check.

Taxation is another area that is full of misconceptions. People are surprised to realize that Social Security is taxed. David Giertz said that the government has income thresholds about what is taxed. On reaching full retirement age, any income that is earned will not be held against you as a taxation standpoint. This means that one can earn as much as they want.

The fact is that many people are not really in a position of having a choice but start getting their Social Security at age 62. This can be due to insufficient savings or due to an unexpected life event like a medical condition.

In fact, David Giertz points out that study by his firm has found 37 percent of retirees saying that health problems have prevented them from living their retirement as they had envisioned it. There are health-care expenses that keep many retirees from living the retirement life that they expected.

In fact, these health problems arrived earlier than they had expected. But retirees working with an advisor are more likely to live the retirement they expected. Hence maximizing your Social Security benefits is just one part of retirement planning.

Learn more about David Giertz: https://vimeo.com/davidgiertz

OSI Group Has Kept Several Meat Plants Running This Last Year

OSI Group is not only one of the world’s top quality meat distributors, they’ve also been a major supplier of jobs and the savior of facilities that appeared to be on the verge of closing.

The most recent place they saved was Tyson Food Plant’s south Chicago facility, one of four factories that operates in the city and one that was way behind on funding and on the verge of losing hundreds of jobs.

But OSI Group saw a golden opportunity to acquire its resources and in the process they offered every current employee working there a chance to keep their jobs. They’ve also kept a few meat processing centers open in Germany and the Netherlands and acquired Baho Foods to reach a large base of customers there.

OSI Group was first known as Otto & Sons after Otto Kolschowsky started a butcher shop in a quaint neighborhood of Chicago in 1909. The Kolschowsky family became highly regarded in their community and their products became sought after by several food service retailers and restaurant chains, and in 1955 they became the main supplier to McDonalds. Sheldon Lavin took over as CEO in the mid 1980s and through his leadership OSI Group has opened offices overseas and made inroads into the Asian and European markets. OSI Group primarily produces packaged meats and prepared meals and uses some of the most advanced processing equipment to do so. Lavin’s business expertise has earned him the Global Visionary award from RSM US LLP, and he’s also a founding member of the Ronald McDonald House Charities philanthropy.

Sam Tabar Joins Full Cycle

In the business world, it is hard to find a person who cares about the community just as much as they do about their profits. That is what Sam Tabar is however. He is someone who cares. And his level of talent and professional insight have helped many companies around the globe, even before joining his latest venture.

According to Art Station, Sam Tabar is a financial professional who was in hedge fund management for much of his career. Of course, this field is very competitive and fast paced. He was the head of capital strategy in Merrill Lynch and Bank of America’s division in Asia.

He was able to foster many relationships, including introductions from hedge fund managers to investors in charge of large funds like foundations, endowments, family offices, and more. He consulted and lead his clients throughout the industry as well in operations, legal, and hiring strategies.

When at SPARX, he managed to help the Asian district market globally. He was previously at Skadden Slate, a law firm, before that time. He was educated in the best conditions, going to Columbia law school and even Oxford University with honors. He was an editor of the Columbia Law journal. He is a member of the New York State bar.

As a private investor, he lead the way in Tribute, which is a feminine line of products that empowers women everywhere to feel better about themselves. And Tabar has again made a choice to take a position with much responsibility.

He is the COO (Chief Operating Officer) of Full Cycle, and energy fund. As the COO, he will make sure that they meet the operational standards set forth by the company, as well as deal with any legal regulations necessary, while also reducing costs as much as possible and avoiding waste.

Learn more about Brad Reifler: http://www.imdb.com/name/nm0845880/

Omar Boraie The Man Behind Boraie Development

Born in Egypt, Omar Boraie moved to United States to further his education in chemistry. However staying in New Brunswick, New Jersey was an eye opener for him and made him realize his deeper interests. He began the Boraie Development LLC, a real estate company that focuses on developing exquisite and high end commercial and residential properties in the city. Together with his three sons, he has impacted the city of New Brunswick and helped change the economic standards of the people in the city.

Omar Boraie always had a vision and aim of rebuilding the city of New Brunswick. Forty years ago most people felt as though he was being over ambitious in his vision. The company began by buying the old properties in the city and remodelling them to incorporate a more modern touch to them. The first buildings to be remodeled were in the Albany Street Plaza Tower One. Together with his creative team, he was able to bring out high class offices in these areas that were once old, tired and abandoned.

The success of the Class A offices on Albany Street Plaza pushed the company to engaging in various projects. According to the New York Times, the company realized that more investors were streaming into the city and seeking their buildings for office spaces. In 2007 the company successfully launched the One Spring Street, a high storey building that provided office space for many investors and business people. The company has also launched The Aspire, a high class, 17 stored premium luxury building. The building offers a gymnasium, ample parking space rooftop garden with well-designed apartments that attracts residents in the area.

In their quest to attract more investors and create hype to the city Omar and his sons have worked closely with Shaquille O’Neil to remodel the City Plex 12 Newark, an old theater. As Omar says, this is one of the projects that they will be undertaking with Shaquille and other investors to ensure that they restore New Jersey to an economic hub once again. The project invites people from all over to share and express their talents.

Omar Boraie knows too well the importance of the community and giving back. He has dedicated his career to ensuring that he provides resident and commercial spaces for people to engage in business in order to get rid of poverty. He is also involved in Elijah’s Promise, a firm that works to ensure that they make a difference in people’s lives. For more info, refer to Omar’s crunchbase page.

Read More: http://patch.com/new-jersey/newbrunswick/omar-boraie-chair-genomic-science-established-rutgers-cancer-institute