Paul Ryan, Repealing ObamaCare, Reducing The Deficit, And Your Retirement

Online, March 18, 2013 (Newswire.com) - Paul Ryan recently drafted and proposed a plan to get rid of the American annual deficit within ten years, echoing ideas he introduced in August of 2012. Ryan plans to eliminate the deficit by repealing the Affordable Care Act (popularly referred to as Obama Care), as well as several other cuts Ryan originally introduced last year in his "Path To Prosperity" plan. According to most analysts, Ryan's plan would dramatically change the way Medicare works, making Medicare a voucher program starting in the year 2024. Financial assistance for seniors would be provided by private companies, affecting individuals in different income brackets in a variety of ways.

While this plan has not been passed or put into place yet, the dramatic changes to America's budget that are discussed within the plan put a spotlight on America's shifting economy. Obviously, people nearing retirement may have some anxiety about which financial institutions they will or will not be able to rely upon once they reach their golden years. D. Vandyke of DVD Financial, suggests that you look at other options besides traditional investment strategies to ensure a financially stable retirement.

Vandyke elaborates, "Now that most investors have experienced the 2008-2009 Great Recession/crisis first-hand, the fallacy of relying on diversified market risk during or near retirement proved to be foolhardy. Currently with the prospect of a volatile and potentially down or flat economy for the next decade or two, the advantages of annuities are all too obvious. Hindsight, as we say, is always 20/20."

Annuities guaranteed payments regardless of the economic climate are becoming more appealing to individuals in a time of financial unease. The large variety of differing types of annuities plans offers sound solutions to individuals from diverse economic backgrounds. While the return on investment is not as attractive as other financial products, stability is one of the main benefits. When every news cycle sends the markets on a roller-coaster ride, stability is nothing to disregard.