social security / 5 posts found
Did The Government Almost Shut Down in April?
In this video I revisit the Budget Debate and reintroduce the question. Will there be a government shutdown April 29th. Right now Congress is on break but will reconvene April 25th and only have 4 days to agree on a budget increase. Right now we stand at 20 trillion the question is if they could not agree on restructuring Obama Care will they agree on increasing the debt ceiling without a Government Shutdown.
Will The Baby Boomers Crash The Stock Market?
In this video I discuss the notion of the 401k as a viable retirement option. I cover in this video how baby boomers who reach 70.5 will be withdrawing money from the stock market more than the other generations could purchase stock. The notion of the 401k as a long term option will soon be obsolete due to the population problem we currently have. Over the next 25 years 3 people will be selling stocks for every 1 buyer. This will cause a stock market downturn. The notion of the 401k for the long term is dead and needs to […]
Teamster Pension Problems
In this video I read over and article that discuses the Pension Problem brewing in the United States. In particular this article address the Teamster Pension Problems. The Teamster Pension is considered one of the largest and one of the oldest unions to date. The article highlights 4 brave individuals who shared their personal financial stories. The article was in the Daily News and it hits home because it’s from my home town of New York City. The Pension problem is the biggest crisis we will see in our life times and we need to have more discussions about it.
Social Security Insolvent-Just 17 Years And Social Security Is Done For
In this video I cover an article from American Thinker discussing the huge problem with Social Security. Social Security is set to go bust in 17 years. Last year 2016 Social Security was 54 billion in the red. Social Security is now paying out much more than its taking in. Many who receive Social Security make up the middle class making this a huge issue. These are your parents, grandparents who once squeezed will be a financial burden to all who come after them.
Demographic Wars- Baby Boomers and Millennials
In this video I discuss the potential conflict that is going to rise between the baby boomers and millennials . As the pension obligations cannot be paid, the cutting of social benefits for the baby boomers will become mandatory. This will cause boomers to try to vote even more laws to keep what they have which will foster conflict with the millennials as they continue to get screwed financially. In this article you see the potential problem brewing as baby boomers blame millennials for intended problems already going on.