November 2024 – The Monsters in our Closets

by Erik Soderborg |
November 21, 2024

November brings us cooler weather, Thanksgiving, and more Medicare cost updates.

Here is the agenda:

  1. 2025 Medicare Updates
  2. A Book Series Recommendation
  3. Words of Wisdom – The Monsters in the Closet

2025 Medicare Cost Updates

All of the 2025 Medicare numbers have been released, so we know what the premiums, deductibles, and copays for Original Medicare will be.

I got to bust out the trusty whiteboard and make a video all about it here if you haven’t seen it already:

Click here or the picture to watch.

A couple things of note:

  • Medicare costs increased.
    No surprise there as they usually do.
  • Medicare costs increased at a higher percentage than the Social Security increase. 
    This is normal as well.
    I can’t say that I, or anyone else, likes it, but it is normal.

2.5 Weeks Left in AEP

I try to warn people about this as much as possible in this newsletter.

Please, please, pretty pretty please…
Do not procrastinate your Medicare changes for 2025!

I’m getting close to calling you a procrastinator here if…

  • You haven’t checked your ANOC yet…
  • You haven’t shopped your drug plan with the Plan Finder Tutorial
  • And you haven’t checked in with your agent about your setup for 2025…

If this is you… Stop reading right now.
Go do this immediately.

I work with several partner agencies across the country and their schedules are absolutely packed. We are up at 5 AM. We are working until 9 or 10 PM. December 7th is the last drop dead, last day. If you call your agent on the 6th or 7th to set up an appointment… you might not have the best of luck.

My Retirement tips will get more fun after AEP is over.
It’s just pure madness with the 2025 changes and massive scale of disruption for many people on Medicare.

The Words of Wisdom section will probably have just as valuable a tip, just in a story format.

Moving on…

Book Recommendation

 

Jack Reacher Series, Lee Child

It’s time I let you in on a guilty pleasure of mine.

You already know that I like to read.

My process usually involves tracking down and reserving books through my library’s mobile app and listening to the audiobook version.

I listen while I drive, do yard work, or go on walks.

Since I go through the library system, that means I usually need to place a hold and wait for these books to become available.
To keep the wait times more manageable, I have what I refer to as “placeholder” books. I reserve these books because the hold times are shorter and I can at least be listening to something while I wait for the more in-demand books.

Enter the Jack Reacher series.

Look, these books won’t bend your senses or make you understand the secrets of the universe. They are just entertaining for me to listen to in between more meaningful books.

All of the stories follow similar story arcs.
You don’t need to read them in order to understand the others.

And, they have two movies (Tom Cruise) and two seasons on Amazon (Alan Ritchson) that use individual books as the premise for the movies/seasons. The seasons are not in the book order, though.

If you haven’t heard of Jack Reacher before… he’s a former military police officer who tries to mind his own business, trouble finds him, he takes down a ton of bad guys in cool and tough ways, and always gets the girl. That shouldn’t be a spoiler because all of the trouble, bad guys, and girls are uniquely entertaining in each book.

I just finished book 13 of 29.

If you’re looking for a fun read, I’ll link to the first book in the series, but again, you can start with any of them and they’ll make sense.

The first book is the foundation of the first season of Reacher on Amazon.

Get the First Book here

The second season on Amazon is from the 11th book: Bad Luck and Trouble
The first movie with Tom Cruise is based off the 9th book: One Shot
The second movie with Tom Cruise is from the 18th book: Never Go Back

Words of Wisdom – The Monsters

Once again, I am going to let you deep into my life and inner thoughts.
My hope is that maybe one of you reading will relate.

There is nothing in my life more meaningful to me than these two things:

  1. My beautiful, amazing, loving wife.
    I’ve had the hots for her since my 2nd day in high school when I saw her walk into the same classroom for the first time.
    I have never, and will never deserve to be associated with her, let alone be her goofy husband. Which leads me to #2
  2. Our 3 beautiful kids.

Our kids go – girl (11), boy (9), girl (6).

They are a fountain of never-ending frustration, but an ever bigger waterfall of bigger-than-myself emotions that I haven’t been able to pin down appropriate words that fully embody those feelings.

Joy. Love. Pride. Overwhelming fear.
There is a willingness to trade any pain or even death to keep them safe.

I love them all equally and for different reasons, but I want to focus on my son for a minute.

These are words from his mom, his grandparents, and any of our close friends:
“Jared is a mini-Erik.”

When those close to us say this, I don’t think they understand how accurate they are.

They see his love of sports, his goofy energy, his desire to make sure people around him don’t feel sad or hurt, and his habit of getting super shy and awkward around a girl he thinks is cute.

What most don’t see are the expectations of perfection he puts on himself, the anxiety he feels when he thinks he’s letting down the people he cares about, and the crippling fear of scary monsters.

Problems Sleeping

After we spent 40 days together traveling the country in our van and staying in hotel rooms, the kids got used to sleeping in the same bed with each other.

As much as they pretend to not like one another and describe each other as, “like… totally annoying,” they do love each other.

*Read that last part in a California valley-girl accent my daughters slip into when describing their brother…

When we got home from the trip and for the rest of the summer, they would all sleep together in my oldest daughter’s room. My daughter’s bed has a built-in pullout and then my son drags in a foam mattress.

Once school started, we wanted to transition everyone back to their own rooms, and it was at this point that my son started to have problems sleeping.

We’d go through our nighttime routine with my wife and I telling stories, reading, and kissing them goodnight before heading downstairs to watch our shows. After anywhere between 5 and 10 minutes, my son would inevitably get out of his bed, walk downstairs, and call out for us in varying levels of alarm.

Sometimes it is quiet and polite.
“Dad, are you going to check on me?”

Other times, it is hysterical crying.
“DAD! I CAN’T SLEEP AND I’LL NEVER GO TO SLEEP AND WHAT IF I NEVER SEE YOU AGAIN?!”

I’ll go up there, tuck him in, lay next to him and try to calm him down.

This gets repeated between 1 and 15 times a night, depending on where his mind goes.

Imaginary Fears

He gives several reasons for not being able to sleep.
Here are some of them:

  • What if there’s a monster in my closet?
  • What if there’s a monster under my bed?
  • I don’t want you (dad) to leave the family and never come back.
  • I don’t want you and mom to get divorced.
  • What if you die?
  • What if I embarrass myself at my next basketball game?
  • What if I’m never able to sleep again for the rest of my life?

These aren’t all of his reasons, but they are all real thoughts he’s shared that keep him from sleeping.

I try to convey to him as best as I can that each one of those is scary, but none of them are remotely probable, and most of them are 100% impossible.

I’ll open his closet. We’ll both look under his bed. And, so far, we have yet to see a monster.

My wife and I have never even hinted at divorce or me leaving.

Now, I don’t want to come in here and make anyone feel bad, but I’m not exaggerating when I say that my wife and I just don’t fight. We’ve rarely had any sort of major disagreement, and when we do disagree, we’ve never yelled at each other or argued in front of the kids.

We aren’t perfect, but we’ve never had those problems, so he’s never heard any hint at divorce, making this fear a strange one to bring up.

Finally, yes, I guess there is always the possibility that I’ll die, or he’ll have a game where he doesn’t play his best, but those are all statistically… low probability events.

Even so, they are very real fears to him.

Mini-Erik

I told you how he’s a mini-Erik.
I used to do the same thing as a kid.

I was, and still am, a perfectionist in many ways.
I was afraid of a lot of things, including my parents dying and getting divorced.
One difference is my mom actually did get cancer when I was young and my parents threatened each other with divorce about twice a month for as long as I could remember, ultimately going through with it when I was 17.

I don’t tell my son that at least my young fears had a realistic chance of happening.
That doesn’t seem like good parenting.

But, I still am afraid of a lot of things, even though they don’t cause quite the same reactions anymore.

I used to get anxious about sports or school or relationships, as I imagine most people do.

My son and I shared a habit of picking at our fingers when we’re nervous or stressed, which I’ve more recently been able to stop – he hasn’t.

This isn’t about how we shouldn’t have fears.
Quite the opposite, in fact.
It’s that we all have fears, but what do we do with them and, more importantly, who is using our fears against us?

Preying on Your Fear

I don’t consider myself smarter or more wise than anyone.

I do, however, have a specific set of experiences and skills that I’ve acquired over my life that have resulted in being able to see how certain things work behind the scenes.

And, if you’ll allow me, I have some advice for you that I hope you’ll at least consider – even though you and I both know that you have more experience and wisdom than me. There are things I am both blessed and cursed to know – and here’s one of them.

The sales and marketing world, which includes massive, powerful entities, small companies, and individuals… have a vested interest in causing you and I to be very afraid of completely imaginary or statistically improbable events.

Allow me to demonstrate.

YouTube Strategy

You all know me from YouTube.
There is a YouTube software that can help you see your channel’s stat, your competitors’ stats, give video ideas, and analyze your thumbnail (little picture you see when browsing videos), your title (the sentence of words describing the video), and your description of the video.

The software will kick out a score from 0 – 100 on how “optimized” it feels your video is.

According to this service, the higher your video’s score, the more likely your video will do well – meaning more views.

A quick side note – About a year ago, I tried using this program and making my videos as optimized as possible. It would give title suggestions, keyword suggestions, and all kinds of other tips, but the videos didn’t outperform my previous (and current) strategy, which is – listen to the people who watch and make videos about what will help them best.

Back to the story.

The single highest contributor to how well the software thinks your video will perform boils down to the Title of the video.
If you make that appealing enough, you get a 100% score.
If you got that wrong, it could drop your score all the way down to around 70%.

I’m going to show you what that software wants from your thumbnail:

That 80% of Score part is referring to a list of items below the first one you see.
I don’t want anyone thinking, “Erik said 70% but that says 80%!”High Priority – Are you evoking fear?

There have been studies done by Facebook, by media organizations, and clearly by software designed for YouTube…

The single most effective way to get people’s attention…
The single most effective way to get people to click…
The single most effective way to get people to buy, or vote, or share or do what you want them to do…

Is Fear.

The next most powerful trigger?
Anger.

I’ll admit it, I’ve designed Thumbnails and Titles that appear scary.
I try to make sure the content is at least something to think about rather than a scary title and a video about a bunch of fluffy bunnies, but that software messed with me for a bit.

I pay attention to the YouTube videos, thumbnails, and titles that come along my feed to see how many are using the fear and anger tactics and… in the retirement space around Medicare, Social Security, and finances… rampant is probably the most fitting word.

There is a thumbnail out there about a specific type of Medicare plan and… I can’t believe I’m actually typing this…but  the thumbnail is:

  • An hospital-like building that appears to be exploding from a bomb…
  • Humans are being blown out of the inferno-filled, shattered glass windows…
  • These same humans are ON FIRE…
  • Still the same humans are falling from the building to the pavement below, which is also ON FIRE…
  • Where they will surely meet their fiery death.

This is the backdrop to discussing Medicare Advantage plan changes for 2025.

It has almost 1 Million views in a month.

I know the person who made the video.
I respect this person like crazy.

It just feels like a bit much.

But… they understand the fear and anger aspects of marketing.

Similar types of videos from other people on topics like Social Security, the stock market, your home, your health… have gathered the same results using the same tactics.

We are fresh off a large event that impacts the world through voting.
Fear was used on both sides.

It continues to be used on both sides.

Tie it all together

In 1999, a study conducted at Cornell followed a group of people around over time…

I should clarify. They didn’t, like… follow them around wherever they went.
They weren’t waking up with them, following them to the restroom, to class, on dates…
They just interviewed the participants periodically.

I didn’t want you thinking Cornell researchers are actually following people everywhere.

But… the study tracked the participants, asking them what they feared and what concerned them, observing which concerns actually happened.

This particular study found that 85% of the things the participants worried about… never happened!

Of the 15% of the concerns that did happen, 79% of the time, the people said they were able to handle those concerns better than they expected and actually learned something valuable from the experience.

The conclusion was that 97% of the time, there’s no need to worry.

I’m going to share with you a form of what I share with my son almost nightly with two quotes.

  1. “My life has been filled with terrible misfortune; most of which never happened.”
    – Michel de Montaigne – 500 years ago.
  2. “Fear and anxiety are consequences of your imagination running wild. You are suffering a situation that may never happen.”
    – Sadhguru

Now, are there situations that deserve our worry and concern?
Absolutely.

It’s part of what makes us human and able to avoid misfortunes and problems.

Injury, disease, wars, hurt relationships, financial hardships happen.

But, so much of what the media and YouTube and where we get our information is filled with fear-driven stories meant to get us to worry about things that will never happen… using quotes that were never said… by people we’ve never met… talking about a topic we’ve never dealt with directly… to get us to act or feel a certain way.

There is no way we have the time to track down every source and verify every claim made out there as they relate to our health, insurance, politics, animals, climate, religion, diet, exercise, parenting, or anything else that interests you.

But, if you find yourself reading or watching something that makes you afraid or anxious or angry, hopefully you can consciously snap to attention and realize that the message was carefully and intentionally crafted to make you afraid and/or angry.

Even if that means stretching the truth or outright lying to you. All with a purpose of persuading you to think or act one way or another.

I will openly admit that these work on me… and often.
I am not immune.

As you are laying your head on your pillow at night, and thoughts about monsters in your closet start swirling and keep you from being able to fall asleep, I’m asking you and my son to be open to the idea that, when you check your closet, the monster is not there and, in fact, never existed in the first place.

I appreciate you.
I wish you and yours a wonderful Thanksgiving.
I will see you in the December newsletter.

Erik

PS – This was a book recommendation in a past newsletter before I started the Retirement Nerds, and it didn’t go in this edition, but the secret phrase to show you’ve made it this far is: “Trust Me, I’m Lying.”

This book by Ryan Holiday will change the way you see the advertising and news industry.

PPS – If you know any secrets to help a 9-year-old sleep better that don’t involve drugs and alcohol, let me know.