The Future of Social Security
Life Alarm Services has been recognized as a provider of quality medical alarm/personal emergency response systems for numerous years. Our well trained staff, customer friendly support, dependable products and concern for the well-being of our subscribers are a few factors that make Life Alarm stand out above the rest.
Life Alarm Services is referred through thousands of public agencies, hospitals, community service organizations, home health care providers, and subscribers throughout the nation. Our monitoring center has monitored thousands of subscribers, and provided them with quality service throughout. That is an accomplishment we are very proud of. After all, each of our subscribers and their families trust in our service due to the responsibility we have.
We provide medical alarm/personal emergency response service throughout the United States and Canada. Our product is a very installer-friendly plug and play system. This simplistic system makes our subscribers comfortable with the operation of their life saving system, Life Alarm. The two-way voice communication system assures quick and efficient response to any in-home emergency. Our systems are ideally designed for the elderly and disabled persons who are home alone and medically at risk.
Social Security’s Future
Social Security’s future problems are predictable even if their exact timing is uncertain. With millions of baby boomers approaching retirement, the annual cash surplus of social security will shrink and then disappear if a solution is not found. Social Security will need to consume growing amounts of general revenue dollars to meet its obligations. The productivity growth must drastically increase to accommodate the growing needs of social security.
Today’s Worsening Economy
In today’s worsening economy it’s hard to save for retirement, therefore many people are depending on social security alone to take care of them financially. Social Security was installed into our nation's system to help people and today we depend on it solely to help us in retirement. But can we trust the future of Social Security? Will it even be around when we retire? Social Security benefits are actually paid from the taxes of those who are still working. With job loss at a record high the outlook for social security does not look positive.
Failure of Social Security
While the failure of Social Security system may not occur, planning for your own retirement is definitely not a bad idea. Even if we are fortunate enough to receive Social Security benefits, it's important to realize that Social Security benefits alone will likely not provide you with a financially adequate retirement. Social Security only provides for a bare minimum standard of living for your old age. If you throw in unforeseen medical expense, you may find it difficult if not impossible to live on Social Security alone.
With the future of Social Security being uncertain, a well-planned nest egg will be a key factor in securing your future. Without a well-planned retirement nest egg, you may be forced to liquidate any assets you have in order to cover expenses you may encounter along the way. We need to be up front about the prospects of government-sponsored retirement - they're not very good. We would all do well if we take heed to planning our own retirement.
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