Baby, It’s Cold Outside! Will Social Security Be There to Keep You Warm?

Snow, ice, and sleet have blanketed our part of Ohio this past weekend. Frigid temperatures first announced the coming of such winter misery, of course. Normal life has been completely interrupted in the wild lands of the Midwest.

Which makes me think of how ObamaCare has brought blizzard after blizzard into the neighborhood of health insurance, long-term care, and retirement planning. Which makes me fear for that two-word lifesaver we’ve come to love (sometimes) in this country–social security.

First off, it’s no secret our social security system is a Ponzi scheme (money from new payers is given to old payers as their returns). Gee, thanks, Uncle Sam. We borrow (read: steal) more from working Americans’ public retirement plan than from China!

So yes, this system could use help. But tossing a frozen wrench onto an already thin layer of ice is just plain stupid. With Baby Boomers retiring en masse and Generation Y underemployed, we are going to see a windfall in social security unlike any ever seen. What’s an upright, concerned citizen to do?

This article from the Bluefield Daily Telegraph hits home, “It is certainly true that Social Security and Medicare are very popular and proponents vigorously oppose balancing the budgets of the two programs by reducing benefits. But, again, by the ‘popularity’ standard, programs that create dependency like welfare, food stamps and free cell phones are successes, too. However, reality paints a far different, and much less rosy picture of Social Security and Medicare. These programs are not giveaways funded by taxpayers, they are funded primarily by payroll taxes on employers and the employees who benefit from them. Even so, because of mismanagement and a failure to adapt to changes in demographics, both programs are broken and broke, running annual deficits. This is the typical sort of success we find in ‘successful’ government programs, and we have to wonder if there isn’t a better solution to most problems the government thinks it can solve.”

Maybe it’ll be because of ObamaCare. Maybe it’ll be because of the federal debt. Maybe it’ll be because of the next generation of Americans unable to pay. But whatever reason, we can be sure social security is not going to be enough for retiring Americans, especially as time goes on. No one wants to spend their golden years with a rotting nestegg, revisiting lower middle class living.

But The Nestegg Repairman can help. Through our customized retirement planning, we can help everyone in your family–young and old alike–build a safe, sustainable, and independent investment portfolio. Why wait? The weather’s only gonna get colder.

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. 🙂