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I wasn't thinking about my pension plan until about two years ago. When I was in my twenties, the idea that you'd be thinking of taking a job based on its health-care policy was completely foreign. But these days young people are thinking about these things.

Social Security is a plan that actually was designed in a much different time, in a different era, and with a different set of American demographics in mind.

Today, Medicare provides health insurance to about 40 million seniors and disabled individuals each year. The number is only expected to grow as the baby boomers begin retiring.

Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work.

Retirees who are on Medicare will suffer the consequences of 700 billions of Medicare dollars instead being used to cover the skyrocketing cost of Obamacare. In essence, less dollars for seniors means less service. Not fair. The Boomers are going to take the 'hit.' In Obamacare, 'too old' has limitations of service.

Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.

You know, and younger people today, you know, they may not have Social Security. They may not have a pension. They may have 17 different jobs. And so they have to be - they have to, you know, establish somewhat of an ownership, you know, mentality.

My view is pensioners don't have the one option that people of working age have. They can't really increase their income, because they are no longer able to work.

Most private-sector folks don't get a pension.