Retirement Essays

  • The Importance Of Retirement

    1562 Words  | 7 Pages

    I cannot emphasize the following points too strongly: Retirement is a beginning of something new, not just an ending. Certainly, people often identify the idea of Retirement as the end of their working life, and this is certainly the case, unless, of course, we just take Retirement from one job and go out and start another one. This does happen, but if we start another job, at least if it’s a full-time job, after “Retiring” from our current job, then we really haven’t Retired yet. We have just

  • The Retirement Gamble Analysis

    580 Words  | 3 Pages

    The Retirement Gamble As it is stated in the documentary “America is facing a retirement crisis and the statistics are grim” in other words the future for America’s dream of retiring and having a future after a long period of work and wages is looking to be going downhill and the statistics are depressing. The video asserts that half of Americans today say they can’t afford to save for retirement and nearly one third of the population is next to having no retirement savings at all. This situation

  • Persuasive Essay On Retirement

    713 Words  | 3 Pages

    EARLY RETIREMENT? Do many people dream of being able to retire early? By early I mean before even being eligible to draw down from a private pension. I actually think that a lot of people do have this dream but discount it because they think that they would never be able to manage to save enough money to live on for an extended period of time. Obviously the amount of money you would need varies considerably depending on the kind of lifestyle you are likely to want during your retirement; if you

  • Cause And Effect Essay On Retirement

    812 Words  | 4 Pages

    Our retirement is our responsibility, yet many people do not think about how they are going to spend their retirement time. More importantly, even fewer people plan on how to fund it until it is too late. If you are old enough to buy a drink at a bar, it is time to think about your retirement. In March 2013 the Employee Benefit Research Institute (EBRI) found 57% of U.S. workers have less than $25,000 in total household savings and investments, excluding their homes. Of workers and retirees, 28%

  • Advantages And Disadvantages Of 401k Retirement Plan

    1034 Words  | 5 Pages

    A retirement plan has both advantages and disadvantages. The 401-k retirement plan is based on the benefits and savings after the retirement age. The decision about the plans is on the hands of the members whether to choose the plan or decline. The 401-k plan is somewhat similar to a pension plan after the retirement age. The 401-k plan should not be necessary for all employees because it is not beneficial for all employees as it is based on age, duration of employment, and also because this plan

  • Social Security Argumentative Essay

    996 Words  | 4 Pages

    An important question that is emerging related to retirement is whether or not social security will be active in the future. As a result, it is a question that I am beginning to ask as well for many reasons; the foremost being because my generation is one that it will have a tremendous impact on. Social security benefits are often over looked; most people solely rely on social security after they retire as a replacement for income, even though social security was not created as a replacement for

  • Benefits Of Pension

    1000 Words  | 4 Pages

    official retirement age and to some widows and disabled people. Most people get a State Pension but this only provides for your basic needs. To make sure you have the standard of living you want in your retirement you will need to save in a pension scheme. Everyone needs money for their retirement, to support you and give you a decent standard of living. You may also need to support a partner or other members in your family. People are living more healthy and active lives after retirement so it is

  • Social Security Pros And Cons

    1044 Words  | 5 Pages

    Social Security is a federal insurance program that provides benefits to retired people and also those who are unemployed or disabled. Social Security consists of three programs retirement, disability and survivors. Social security is funded by a payroll tax. According to the article “How is Social Security Financed” the payroll tax makes the employers and employees each pay 6.2 percent of wages, while the self-employed pay 12.4 percent. This payroll tax is deducted from an employee’s paycheck. In

  • Assignment 3 Life Insurance

    1267 Words  | 6 Pages

    insurer undertakes to pay a sum of money plus the interest accrued to the insured’s beneficiaries upon their death, in exchange for premiums. This article will discuss the life policy with specific reference to endowments, disability insurance, retirement annuities and income protection. Life Policy: The life insurance policy certifies that one’s dependents are financially secure in the event of the insured’s death or disability. The life policy substitutes the insured’s income with a lump sum, enabling

  • Social Security Benefits

    1782 Words  | 8 Pages

    Today’s generation will have to find other means to help support themselves in retirement if Social Security funding runs dry. The uncertainty of where the money will come from to sustain the fund, further adds to the problem. According to the Social Security Administration, approximately 59 million people collected Social Security Benefits in 2015, but as the population swells that number is expected to grow to approximately 100 million by the mid 2030’s. Government officials need to step in and

  • Response To Incentives

    304 Words  | 2 Pages

    the response to an incentive to dramatically change over time. Incentives related to employment income have to be met with well thought out responses. Making a decision about when to retire can be difficult especially when deciding on an early retirement. I have not had to deal with the issue myself but I was offered the opportunity to be bought out of my position. In the case of my employment, the costs of taking the buyout package where greater than the benefits offered. This was mainly because

  • Windfall Elimination Provision Case Study

    311 Words  | 2 Pages

    have little savings or pension and must rely heavily on Social Security for retirement. The "windfall elimination provision", created by Congress in 1983 when Social Security faced bankruptcy, was designed to address the situation of some retirees who received government pensions, but were still considered "low income", and thereby benefited from the prospect of increased Social Security benefits, because the retirement

  • Underestimate Life Expectancy

    469 Words  | 2 Pages

    preparing for retirement, then it is important to know all of the potential financial situations that could arise and how best to deal with them. One important situation that you must know and be ready for as a CPA with retiree or soon-to-be-retiree clients is what happens when retirees underestimate their life expectancy. One of the main reasons why people change their retirement plans is because they have underestimated how long they are likely to live. One of the key factors to a retirement plan being

  • Essay About 401k Investment

    828 Words  | 4 Pages

    time will come that you will reach the retirement age. You should prepare for it. You have to be financially ready because when you are already old, there are many things that you will crave about. You want to go to different places, eat the foods which you have not eaten yet, and buy the things that you personally need. Hence, planning for retirement financially has to be thought of before it is too late. Many people have not planned for their retirement so they suffer from consequences. Many

  • Persuasive Essay On Social Security Reform

    1494 Words  | 6 Pages

    Each and every working citizen of the United States pays into a social security fund to provide for the retired and disabled, and eventually to provide for themselves. Looking to the future, many depend upon social security as their “retirement plan” . . . but should they? Unless a serious reformation takes place, the social security system may be bankrupt by 2033. Shockingly, this bankruptcy has been predicted for decades. Then why has the problem not been fixed? Is it already too late? Fortunately

  • Baby Boom Research Paper

    704 Words  | 3 Pages

    The explosion of the Second World War gave way to the most defined era of the 20th century. In the wake of a war torn decade, the growing prospect of opportunity spurred the inception of the “Baby Boom”. Millions of individuals were introduced into our world at a rate never seen before in our nation’s history, and as does every generation, these millions of Baby Boomers are aging at an unprecedented rate also. The average lifespan of individuals has steadily increased since the postwar decades with

  • Persuasive Speech On Being A Marine

    741 Words  | 3 Pages

    Arturo Munoz Coach Dobbins English III, 7th Period 1 May 2017 To be a marine it takes hard work and dedication and a desire to be a part of something bigger than life itself it takes the know how the courage, honor, and integrity and self sacrifice to become a United States Marine. About one percent of the total U.S population go to the military, and only a proud few become marines do you have what it takes, do you posses the mental strength to endure hardships and challenges that would make the

  • Ridenour Group Case Study

    587 Words  | 3 Pages

    clients with sound retirement consulting so you can enjoy the fruits of your successful career. The Ridenour group is pleased to provide the following review of Benedict’s retirement. We have built a savings model based upon the following parameters: Parameters Current Year 2016 Current Age 37 Current Retirement Savings $259,000.00 Annual rate of return on savings 4% Current Salary $145,000.00 Annual salary increase 2% Annual Contribution, % of Salary 6% Expected retirement age 65 Annual expense

  • Ageing Perspective

    1713 Words  | 7 Pages

    the title Factors Affecting Adjustment to Retirement among Retirees’ Elderly Persons. He found that marital status, level of education, sex, type of job before retirement, job situation, and place of work influenced adjustment level of the retirees. Furthermore, in the study sufficient financial support, physical support, social support, empowerment, awareness about retirement and mental capacity building are related with better adjustment to retirement. Even though the retirees have contributed

  • Aging Stereotypes

    600 Words  | 3 Pages

    No matter how old you are, everyone has a purpose. Aging is a topic of discussion that has been started to be studied more due to the aging population that has surfaced. Ageism refers to “the negative attitudes, stereotypes, and behaviours directed toward older adults based solely on their perceived age”. There are so many fictional representations of later life and these are what perpetuate serotypes of aging. The topic of aging has been something that I am extremely passionate about as I feel that