Retirement Essays

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 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

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

Under a defined-benefit retirement plan, you receive a promised or “defined” payout at retirement. These plans are usually noncontributory in which the employees do not have to pay anything into them. The payout, which you receive as taxable income is based on a formula that takes into account your age at retirement, salary level, and years of service. Moreover, the formulas can vary dramatically from company to company. Some focus only on salary during the final few years of services, which is better

Repairing America's Form of Retirement Every American plans for today, but most of them do not seem to care about tomorrow. Work from nine to five, go home, eat, sleep, and do it all again every day for the rest of their lives. They're stuck in this never ending loop, hoping to one day have a future that they never planned for. Not everyone has a 401K or retirement fund waiting for them. Actually, the majority of Americans rely on one thing when they retire, Social Security. The Social Security

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%

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

should extend retirement age. We will carry out our analysis by looking into existing literature and weighing the benefits with the burdens. This will provide an in-depth inquiry for government policies and also to citizens who consider postponing their retirement. Key issues for debate include demographics (eg. aging population), price inflation, and cost containment. We will address the following five questions in our research. 1.What are the economic benefits of later retirement? 2.What are

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

Miquel Torregrosa. "Olympic Athletes Back to Retirement: A Qualitative Longitudinal Study." Psychology of Sport and Exercise 21 (2015): 50-56. Library.gsu.edu. Web. 18 Sept. 2016. This article recounts the ten-year study of 15 Olympic athletes, some of which participated or had dual careers in different sports and the rest only focusing on a single sport. Studies showed that athletes who retired and played multiple sports had a more successful retirement because of another passion that they could

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

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

the system throughout their working lives. It also helps to reduce poverty among elderly and disabled Americans. Others argue that the system is not fair because it disproportionately benefits wealthier individuals who are able to save more for retirement and earn higher Social Security benefits as a result. Social Security was first implemented in the United States in 1935 as a response to the widespread poverty and economic insecurity that many Americans faced during the Great Depression. At

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

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

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

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

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

looking for ways to attract and retain top talent. Here's one way to do it - by offering a 401(k) retirement savings plan with a best-in-class provider. Social Media Are you looking for an effective way to engage and reward your employees while aiding in their long-term financial planning? The answer may be offering a 401(k). With the right insurance provider, it is possible to provide this type of retirement plan as part of your employee benefits package. This article discusses why introducing a 401(k)

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