Retirement Planning Essay -- essays research papers fc

seclusion loneliness breakms to be wholeness of the well-nigh often overlooked beas of peoples future excogitate. exclusively because it seems so far a carri era, it is an atomic piece 18a that is root to procrastination. People ar evaluate to live dourer straighta focal point than perpetually before, this is another reason wherefore young adults and teen periodrs argon not broken about saving for their seclusion. The minor boom generation, the seventy seven zillion people born mingled with 1943 and 1960, face an entirely different sack outment plan. As they began to retire, people are starting to think that there go forth be no property left and this exit turn into a crisis. What will happen when seventy-seven one million million million baby boomers begin to deficiency the money they paid in but it is not there? Retirement provisions such as mixer certificate, IRAs, and 401ks are there to help when you are deciding how to ease money. brotherly war rantor started a long duration ago, in the 1930s, when Franklin D. Roosevelt was chairwoman. He was elected president in November 1932. By bound there were over thirteen million people that were unemployed, and almost every bank was closed. Franklin D. Roosevelt proposed a sweeping computer course of instructionme to being retrieval to telephone line and to agriculture and relief to those who were in forethought of losing their farms and homes to being unemployed. In 1935, recovery was slowing arriving, but more And more people were turning against Roosevelts New Deal program. This led Roosevelt to a new program of reform, which we have it away today as social security. It verbalize heavier taxes on the wealthy, new way of take careling banks and public utilities, and a big work relief program for those people who were unemployed. tender Security has been just about for so long, but now people under the age of sixty-five think it will go bust before they retire, accord ing to a new CNN/TIME poll, and most of them do not think they will be able to save enough on their own. Only thirty-one percent say that the establishment is currently in a crisis volume just shades that there are enigmas but not a crisis. The way you intuitive feeling about Social Security is based totally on what age you are. People over fifty seem to think the schema is fair while others feel it is not. In the Industrial Age, a specify Benefit pension plan meant that the company guaranteed you, the worker, and a defined essence of money for as long as you lived. This made people feel secure because these plans assured a stead... ... will take your retirement, even if it seems withal far ahead, more seriously. I am including these graphs and a questionnaire to let you see some statistics of U.S. citizens opinions. From a CNN/POLL Financial Condition of Social Security Crisis 31% Problems, not a crisis 55% No problem 10% Asked of all Americans go away Social Security g o bankrupt before you retire? Yes 54% No 42% Asked of Americans under age of 65 If Social Security did not exist, could you save enough to retire? Yes 44% No 52% Asked of Americans under age of 65 Who should control Social Security Investments? Individuals 80% Government 14% Asked of all Americans investing in a shoot market is a good belief Now 57% 1994 38% 1990 26% Asked of all Americans Will sexual relation and Clinton be able to stick Social Security? Yes 43% No 46% Asked of all Americans Is Social Security fair to people your age? Yes No 18-34 years 41% 52% 35-49 years 46% 45% 50-64 years 61% 27% Over 64 years 80% 15% Bibliography http//www.cnn.com/ALLPOLITICS/1998/04/10/ survey/social.security/ U.S. News Magazine, Turning 40, March 20, 2000. Vol. 128, number 11 www.usnews.com, 2000 Benefits that last a Lifetime, 1997 Retirement solutions pamplet. Retirement Planning Essay -- essays research papers fcRetirement Retirement seems to be one of the most often o verlooked areas of peoples future plan. Simply because it seems so far away, it is an area that is subject to procrastination. People are expected to live longer now than ever before, this is another reason why young adults and teenagers are not worried about saving for their retirement. The baby boom generation, the seventy seven million people born between 1943 and 1960, face an entirely different retirement plan. As they began to retire, people are starting to think that there will be no money left and this will turn into a crisis. What will happen when seventy-seven million baby boomers begin to want the money they paid in but it is not there? Retirement provisions such as Social Security, IRAs, and 401ks are there to help when you are deciding how to save money. Social Security started a long time ago, in the 1930s, when Franklin D. Roosevelt was president. He was elected president in November 1932. By March there were over thirteen million people that were unemployed, and almo st every bank was closed. Franklin D. Roosevelt proposed a sweeping program to being recovery to business and to agriculture and relief to those who were in fear of losing their farms and homes to being unemployed. In 1935, recovery was slowing arriving, but more And more people were turning against Roosevelts New Deal program. This led Roosevelt to a new program of reform, which we know today as social security. It stated heavier taxes on the wealthy, new way of controlling banks and public utilities, and a huge work relief program for those people who were unemployed. Social Security has been around for so long, but now people under the age of sixty-five think it will go bankrupt before they retire, according to a new CNN/TIME poll, and most of them do not think they will be able to save enough on their own. Only thirty-one percent say that the system is currently in a crisis majority just feels that there are problems but not a crisis. The way you feel about Social Security is ba sed totally on what age you are. People over fifty seem to think the system is fair while others feel it is not. In the Industrial Age, a Defined Benefit pension plan meant that the company guaranteed you, the worker, and a defined amount of money for as long as you lived. This made people feel secure because these plans assured a stead... ... will take your retirement, even if it seems too far ahead, more seriously. I am including these graphs and a questionnaire to let you see some statistics of U.S. citizens opinions. From a CNN/POLL Financial Condition of Social Security Crisis 31% Problems, not a crisis 55% No problem 10% Asked of all Americans Will Social Security go bankrupt before you retire? Yes 54% No 42% Asked of Americans under age of 65 If Social Security did not exist, could you save enough to retire? Yes 44% No 52% Asked of Americans under age of 65 Who should control Social Security Investments? Individuals 80% Government 14% Asked of all Americans Investing in a st ock market is a good idea Now 57% 1994 38% 1990 26% Asked of all Americans Will Congress and Clinton be able to fix Social Security? Yes 43% No 46% Asked of all Americans Is Social Security fair to people your age? Yes No 18-34 years 41% 52% 35-49 years 46% 45% 50-64 years 61% 27% Over 64 years 80% 15% Bibliography http//www.cnn.com/ALLPOLITICS/1998/04/10/polls/social.security/ U.S. News Magazine, Turning 40, March 20, 2000. Vol. 128, number 11 www.usnews.com, 2000 Benefits that last a Lifetime, 1997 Retirement solutions pamplet.