The Status of Retirment Savings

In Watership Down I think the theme of the book is leadership. Leadership played a big role in the book. Hazel was the leader of the group and he was tested throughout his adventures. Everyone leads differently and has different ways to. Just like how every coach coaches their team differently, but those that make the better decisions win the game. For example Bigwig may be more strong than Hazel, but Hazel's ability to think and make the smart decisions never failed the group which makes him and much more better leader. Hazel even risked his life to save the rabbits at one time so people respect Hazel and look up to him. Hazel faced many problems such as Woundwort. Although it seemed it was the end for Hazel and his group, he thought of a

Costa, D. L. (1998). The evolution of retirement: Summary of a research project. The American Economic Review, 88(2), 232-236. Retrieved from https://search.proquest.com/docview/233045640?accountid=41759

It was exciting and informative hearing about Bill, Harold, and Rose transition from the workforce into retirement. All three participants, stated that when they were growing up no one ever considered themselves retired or not part of the workforce. If you were unable to work anymore, then you assisted your family in other ways. For example, if you were physically unfit to work you could still be needed around for meal preparation, gardening, sewing, or other daily activities; which is why in Harold’s mind he’s not truly retired. Yes, he retired from his career, but he still saunters around his farm mowing, working in the garage, cooking, and fixing machinery; however, both Bill and Rose consider themselves fully retired and they wouldn’t want it any other way. It’s interesting to look at the progression of those entering the workforce to fill those positions left behind by those who retired.

These two literature also brings attention to the topic of retirement and the need for retirement planning and decision making. Chapter 14 points out the plans that the aged needs to consider when it comes to retirement. It describes two types of plans to be considered to include the defined benefit. With the defined plan workers receive a monthly benefit based on their years of service with an establishment and their prior earnings. Then there are the defined contribution plans that workers and/or employers make contributions into a fund, which is invested on behalf of the

Gradually, the Social Security Administration has grappled to accommodate a host of novel demographic trends, namely those impacting the retirement sector of the American population. Continuously, with advances in the medical realm, the senior population is steadily extending its lifespan, and thus, retirement altogether, introducing a wealth of new economic considerations. As human longevity increases, the Social Security system proves increasingly unsustainable, specifically in the pension department-among other areas. As workforce involvement declines with age, the budgetary deficit and low supplementary funding plague the social security system. Unless crucial economic reforms are made, the present rate of pension disbursement will

Driving Under the Influence (DUI) causes peoples' loss of life or serious bodily injuries to everyone who crosses illegal barriers to drinking and driving. It causes many tragic injuries to a number of people on U.S. roadways. Even innocent children get hurt or killed if someone misjudges his or her ability to operate their vehicle due to drinking alcohol. Drinking while driving is one of the most unfortunate realities that exist in the world today that has many issues. When intoxicated individuals make a decision to sit behind the wheel of an automobile to drive, they endanger everyone on the road. This decision, which may not seem important at the time can have a dangerous

Hello to all those that want to retire one day. I would congratulate you, but at this very moment, one of most important government systems has a major problem. Today our country is stricken with a depleting social security fund, one that is predicted to run out in less than 20 years. In the past, every politician and leader has tried to push this widely underrated issue to next in line but ultimately causing more havoc on all of us. Throughout our country, many are unaware of the circumstances that will come from this catastrophe. Although I am still very young, one day I hope to enter the workforce and eventually retire, hopefully receiving the same benefits that those before me have received. Of course, I’m talking about Social Security, the federal insurance program that provides benefits to retired people and those who are unemployed or disabled. But as of now, this looks doubtful due to the already overwhelming amount of people who receive Social Security that is causing the system to divulge into its trust fund. The present Social Security issue is not one that an individual can change by him or herself but rather if we all work together and go to our legislators we will be able to solve this epidemic.

Twenty or so years ago, the question of personal growth in retirement hadn't really entered the mainstream consciousness. To most people a generation ago, retirement was an ending, not a beginning. But as with everything else they've encountered, the Boomers are challenging that view of retirement.

Many Americans believe that the social security program will face a crisis in this century because of funds running out. The fear of the people is that he government’s funds will be bankrupt when those people try to retire. Already a quarter of most Americans believe that they will receive no benefits from social security; what can we do about the social security problem? The reason that the problem is occurring is because of pay-as-you-go financing, demographic changes, the adoption of wage-indexing of the benefit formula in the 1970s. Due to the baby boomer generation, there are more americans retiring than ever. The younger generation has to pay for the older people retiring, but the problem is that there are less young people entering the

In more detail, much of their savings are tied up towards retirement due to the serious financial crisis of 2008, which means they lack of sufficient retirement funds, even basic living expenses. According to the research of Boomer Expectation for Retirement 2016, which is from the Insured Retirement Institute, illustrates that 25 % of boomers have no retirement savings and 76 percent of baby boomer generation are unconfident about whether their savings can last through retirement (Insured Retirement Institute, 2016). This appears to suggest that boomers might not be prepared for their retirement plan and that they have never tried to figure out how much they will need for retirement. Moreover, they are concerned about not being able to maintain their standard of living. For example, according to a newspaper report from Star Tribune, Judy Davis, 57, of St. Paul, who works for a nonprofit agency, discusses her difficulty of retirement, “If I had to retire I would be broke pretty soon. I could probably survive six months to a year” (Read, 2015). With this in mind, it proves that Davis still works for a nonprofit agency because she does not have any preparation for her retirement or enough money to last through her old age. Furthermore, the lack of retirement savings will reduce their standard of living. Therefore, baby boomers experience significant financial stress because of

America is facing a previously unknown challenge. By the years 2030 the number of people reaching retirement will have doubled, this will account for an increase from 12 percent to almost 20 percent of the United States population. By 2050 the number of Americans who are over the age of 85 and make up the highest amount of chronic illness, poverty, and need for assistance with activities of daily living, will quadruple to 19 million. (CSWE.org)

Many go throughout life experiencing things like loneliness, heartache, and hardship. In the case of Edgar Allan Poe, the was a reoccurring theme from the beginning to the end of his life. Though several may only know Poe by his unique poetry, short stories, books and even essays others miss out on his interesting life experiences. Poe was put through many things that made him struggle but without these rough experiences we may not have the famous literature he has provided for us. Edgar Allan Poe was and still is one of the most memorable poets from the American Romantic Movement despite the hardships and struggles he endured throughout his life.

Retirement? Try asking the people, now, in their mid sixties about that nightmare. “ There was a time when most middle-class Americans could work until they were 65 and then look forward to a financially secure retirement,” (Eskow). As for most individuals, in order to retire, a person must have been working. For most, a job would require going to college; a satisfying job would require a more advanced education. A more advanced education would call for longer payment of student loans. “Education for every American that wants to get ahead? Forget about it.,” (Eskow). With the rising need for education, of course, the price will also rise, and has been rising. Retirement comes into play with the people that were born into money, who have

Planning for retirement should not be based on Social Security alone, but rather by saving portions of personal earned wages and putting finances into long-term investments. Depending on Social Security as the only income after retiring is an unsafe and undependable way to prepare for retirement. People who contribute to Social Security are mandatorily putting money into the Social Security Reserve; this money is used for older generations that will file for these benefits before the younger people working, in the early 21 century, ever receive a chance. Money controlled by other’s hands will never be a guarantee for a secure future, yet money saved by an individual to put toward personal goals will reward greatly. By taking the time to

Although mandatory retirement is not largely popular, it still has an effect on many older workers and how they plan for retirement. "Mandatory retirement involves less than 1 percent of the work force and so opens up only a small fraction of the total jobs", because