Don’t Want to Deplete Your Savings Making Junior’s Dreams Come True this Christmas? Here’s How!

It’s the most wonderful time of the year! Right? Ha! Tell that to the poor saps in the video below.

Okay, so maybe bargain shopping isn’t everything. But we’ve got to all save some money somehow, right? Nobody wants to refinance the mortgage just to get Junior an Xbox One. Maybe there’s an alternative to hocking the family pet to pay for family gifts? Yep!

We came across a couple of great articles on Money Watch about creative thinking this holiday season. Er, creative git-giving, we mean. Without further ado, here are our favorite shopping tips from article numero uno…

• Plan it. Before you shop online or enter the chaos of the shopping mall, take ten minutes at home to create a spending plan that lists who you need to buy for and how much you will spend.
• Use discounted gift cards. How would you like $100 worth of gifts for $80? You can purchase discounted gift cards for hundreds of online/offline retailers including the Apple Store, Radio Shack, Sears, Home Depot, and others. Discounts are usually 5%-30% off the face value of the card. Check out GiftCardRescue.com and GiftCards.com.
• Use social media. Before you start shopping, start following your favorite retailers on Twitter and Facebook. Many companies offer discounts exclusively to their Twitter followers and Facebook friends. A quick search of their recent posts may reveal money-saving discount codes.

Don’t have any extra cash to spend this holiday season? We’ve got tips for that, too…

• Gadget training. If you have less tech-savvy people on your Christmas list (i.e., anyone over the age of 15), give them something they desperately need — training for their gadgets. Show them all of the features of their cell phone, how to record their favorite shows on their DVR, etc.
• Babysit. When your tolerance for screaming kids exceeds your bank account balance, consider giving babysitting “coupons” that your friends can redeem. If you’re a masochist, schedule a night where multiple families drop the kids off at your house. This way you’re not giving up so much of your time.
• Swap services. If you have smart but broke friends, this tip is for you. Have a friend who provides a valuable service such as personal training, financial planning, or computer consulting give you several one hour vouchers you can give to your friends. In return, you give your friend the same number of one hour vouchers for whatever service you provide.

As always, The Nestegg Repairman is here to help you and your family with your financial planning this holiday season. If money is making you moody, check out how we can help and give our office a call!

“Just as the Stamp Act did in 1765, Obamacare should act as a wake-up call.”

Proclaimed Rand Paul about the encroachment on freedom that is the Affordable Care Act. Yesterday, we saw how ObamaCare is making health insurance premiums rise in every state.

“But wait a second, Mr. Nestegg guy! The Supreme Court upheld Obamacare as a good thing we all need, right?” Well, no. So what really happened in DC that’s making so many Americans like Rand Paul furious? This article from the National Review explains, “The Court did not ‘uphold Obamacare.’ Two specific provisions were being challenged before the Court — the individual mandate and the Medicaid expansion. If either had been struck, then the Court could have decided whether or not to take down the whole law. Instead, it reached a very narrow decision. The individual mandate is valid as a tax, says the Court. Now, otherwise free citizens will be required to spend our own personal, after-tax money to purchase an expensive private product — $20,000 a year for an average family — or pay a tax.  And the Court said the federal government can tell states to dramatically expand their Medicaid programs but that they can’t be coerced with the threat of losing all of their federal Medicaid money if they refuse.”

Oops! Maybe we shouldn’t have trusted Nancy Pelosi’s genius remark about the Obamacare bill, “We have to pass the bill so you can find out what is in it.” Okay, show of hands. Who read all 2,700 pages of the Affordable Care Act? What, nobody? Oh. Not even Barack’s hand? Any surprise there?

By now, we know Obamacare is a bad deal. “The Kaiser Family Foundation says the average price of a family policy has risen by $2,200 during the Obama administration. The president promised premiums would be $2,500 lower by this year. Hospitals, doctors, businesses, and consumers all expect their taxes and health costs to rise under Obamacare.” Read more here.

What’s a family to do? We asked ourselves the same question back in 2010, and we’re ready to help. Check out our services or call us to learn more about how we can protect your family from the coming scourge of Obamacare.

ObamaCare Sucks. Surprise, Surprise, Surprise!

By now, you’ve probably heard quite a few things about ObamaCare. Good? Bad? Ugly? Hysterical? The Nestegg Repairman has a no-holds-barred assessment of the laughably titled “Affordable Care Act.” It just plain sucks.

Any surprise there? Get this, ObamaCare is especially bad for stable families. Don’t believe us? Check this out…

“According to the Kaiser Family Foundation, a 60-year-old married couple with no children in the household, with identical annual incomes totaling $62,041 would have their healthcare premiums cost $16,382.  If they were divorced and had incomes at half of the $62,0412, their total healthcare bills TOTAL would be $5,354. By divorcing, they would save $11,028 next year on healthcare. ‘Obamacare is not something which America needs at this time — it’s destined to be a disaster plain and simple,’ says Dr. Chauncey Crandall.” Read more from this article here.

This graph from a Congressional committee review of the Affordable Care Act tells all…and is a complete embarrassment to the federal government.

Oh, and get this. Think veterans and their families should receive the health benefits they deserve? Think again! Forbes points out that military families get at least  “a $2,400 bill from ObamaCare.”

If you’re like most people, you’re confused, angry, and hopeless. But you’re not like most people. 🙂 You’re proactive and ready to protect your family from skyrocketing premiums. So are we. The clock is ticking; next year’s health care disasters approach. Give The Nestegg Repairman a call before it’s too late.

Are You Thankful for Financial Security This Thanksgiving?

Thanksgiving is just a few days away! Families reunite, friends reminisce, stores open for business before folks finish eating. It’s all part of Turkey Day 2013, the special time we give thanks for all the blessings we’ve received from above! In this time of economic recovery, families are especially thankful for financial security. For those who desire more of it in their lives, banter about investment portfolios and life insurance will surely rule mealtime conversations.

In fact, the holiday season sees the most purchases of life insurance policies of any time in a year. Here’s an insightful article from Efinancial on why people scarf up policies between Thanksgiving and Christmas.

The Nestegg Repairman has over thirty years of experience helping families build their nesteggs. From young single professionals to family units with two sets of great-grandparents, we provide more than financial planning services–we bring both peace and security. This Thanksgiving, talk with your family (your whole family) about your current financial situation. How can you bolster your portfolio? Are your insurance premiums to high? What about long-term care? These are the kinds of questions families ask this time of year. These are also the kinds of questions The Nestegg Repairman is here to answer. Check out this testimonial from a young business owner we’ve helped. Here’s what our friend Joshua Lisec has to say about his experience with The Nestegg Repairman…

“Chuck and Jeff are not only two of the most knowledgeable gentlemen in the financial planning industry I’ve ever met, they are the most helpful as well. As a business owner, I have to assure that both my personal and professional finances are in tip-top shape. Thanks to The Nestegg Repairman, I am squared away with excellent health insurance coverage as well as a nestegg–that’s right, Chuck and Jeff have helped me start saving as soon as possible. I highly recommend The Nestegg Repairman to business owners and employed professionals alike, as well as to families looking for greater financial security in a season of global economic instability.”

Visit our services page to learn more! 🙂

Young? Healthy? About to Get Screwed?

The disgrace of a website “DoYouGotInsurance.com”

If you say yes to the first two questions, the third is a given. Why? Simple. More medical bill coverage for older Americans equals more taxes and higher premiums for the Millennials.

But don’t take our word for it; here’s what health economist Chris Conover had to say in a recent Forbes magazine article, “Let’s be clear: by design, this law can work if and only if enough young people are willing to pay premiums far higher than are actuarially fair in order to subsidize workers my age who on average earn far more than the young workers who are subsidizing them.  Even if one takes into account that Millennials in the long run eventually will become old themselves and benefit from these subsidies, Obamacare still is an extraordinarily bad dealthat effectively would force today’s 18-year olds to pay 18 percent more for their medical care over a lifetime than if each generation paid its own way. Such an age-related tax is unconscionable. Imagine if sales taxes or income taxes included a surcharge for everyone who happened to be a twenty-something. If this idea sounds preposterous, welcome to Obamacare.”

Disgusting. Fortunately, however, The Nestegg Repairman is ready to help! We have a host of health insurance plans available from carriers like Anthem Blue Cross Blue Shield and United Healthcare. Not only that, but we can help you ensure the premiums are affordable. So if you’re wondering what the heck you’re going to do about insurance in 2014, give us a call.

But we recommend getting in touch with us as soon as possible. Once we hit midnight on January 1st, ObamaCare will cause premiums across the board to shoot up to unseen levels. We’ll still be able to help you get the best deal available, but it’s just that–the best deal available in 2014. Disgusting. For a young adult’s perspective on Obamacare, let’s hear what libertarian commentator Julie Borowski has to say…

ObamaCare is bad for young people, no bones about it. Choose NesteggCare instead. We won’t force you to buy a policy you don’t need, fine you if you don’t want it, or make you pay for your grandparents’ medical bills. Why not give us a call? The worst thing that can happen is you save money. 🙂

Hate to Lose Money? Ever Heard of Indexing?

What if you never had to fear losing money ever again? If you went to a casino whose rules allowed you to keep half of all winnings but never lose any money, would you take those odds? Doesn’t even sound like gambling, does it?

Welcome to the new world of retirement planning, folks. We at The Nestegg Repairman have a money-saving model  that’s quite possibly the best kept secret in the world of financial planning. We’re talking about Indexed Universal Life.

Say what? Life insurance? Yes, you’ve probably seen the commercials. “You need life insurance in case you have an ‘accident.’ You need life insurance so you can pass some extra change onto your kids. You need life insurance so your partner can afford to find a new spouse when you die.” Maybe that last one is a bit of an exaggeration. The point is that the average Joe or Jane sees life insurance as something for seniors. The old kind of life insurance is. But not the new one.

Indexed Universal Life is an ingenious retirement planning opportunity. Before we salivate over the unbelievable benefits, let’s see how it works. An Indexed Universal Life policy starts out with a standard life insurance policy through any number of providers (The Nestegg Repairman is partnered with several). This policy costs nothing to purchase since it’s based on a month-to-month premium, which The Nestegg Repairman can make sure is affordable for you.  Unlike a 401(k) or IRA, you have control over the principal. Need to “borrow” from yourself to pay for Junior’s college tuition? Go right ahead. Tax-free, too. That’s pretty awesome, but that’s not even the best part.

As mentioned at the beginning, you never have to fear lose money again. Ever. Because your life insurance policy is connected directly to the S&P 500 Index (or other Index account), you get to reap the rewards of the market’s rise. If the market goes up one year by 17%, you get to keep a large portion of that (most Indexed Universal Life policies are capped at 14%, FYI). But if the market goes down 10% the next year, you lose nothing–and you get to keep the previous years’ earnings on the principal!

Is any of this making sense? Let’s get a visual perspective on this…

Too good to be true? Nope. We’d love to walk you through the best Indexed Universal Life policy for you and your family. Click here to learn more about our retirement planning services. Ready to jump right in and take advantage of this retirement miracle? Contact us today!

ObamaCare: What Does the Doc Say?

If you’ve been keeping up with the news, you know that the House of Representatives approved an insurance fix for ObamaCare today. The White House has promised to veto the bill, however. With all this back and forth jabbering between political parties and media pundits, it seems one perspective has been forgotten–that of physicians. So today we ask, What Does the Doc Say?