The baby boomers — the generation that questioned the authority structure and coined the phrase “don’t trust anyone over 30” — are moving squarely into the 55-and-older age group.
Remember, this is the generation that drove change at each life stage. And they will no doubt challenge the culture of aging in America as well.
Investing for the Golden Age
Had the economy remained robust, Boomers would probably have begun a steady, organized transfer of retirement assets out of the stock market — reallocating to safer, fixed instruments designed to shield retirement nest eggs from normal volatility.
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I wish you Repukes would stop calling Medicare and Social Security entitlements; they are the benefits we earned from the insurance premiums we paid for all our working liife. Social Securty’s real name is Old Age and Survirors INSURANCE Trust Fund. It should not be called a Tax because it’s really forced savings. It’s the cheapest (.6% administrative cost) and best Annuity (indexed to inflation.) I wish the Government would allow me to contribute extra dollars to it!
Yes, these programs entitle people to benefits for which they contributed throughout their working lives. Unfortunately, Medicare will not cover all health care costs. So, it makes sense to look into Medicare supplement insurance (Medigap). Weiss Ratings’ research found that insurers charge widely different prices for the exact same benefits: http://www.weissratings.com/news/ins_hmo/111010-medigap-rates-vary.aspx
So it certainly pays to compare premiums before you buy. Insurers and agents only provide information about the plans they sell. Weiss doesn’t sell insurance. Weiss provides unbiased, premium price comparison information for over 150 insurers so you can make decisions about the benefits you need and get the best price.
You can compare Medigap policy premiums here:
http://www.weissratings.com/products/Medigap-Policy-Search-Tool-1.aspx
We know you’ll be able to find savings. And we’re pretty sure you’ll enjoy spending your retirement savings on something other than insurance.