Benefits Of Retirement For Retirement Essay

Elderly people (women and men age sixty-five or older) (Macionis, 2005), Have many obstacles to face as they grow older, many of these obstacles involve social inequality. Not only do the elderly have to learn to deal with many forms of Ageism (the stereotyping and prejudice against individuals or groups because of their age), some also have to deal with the fact that they do not have enough savings or pension benefits to be self supporting, for most people over sixty-five, the major source of income is social security (Macionis, 2005). This forces many elderly Americans back into the workforce to continue to earn money to support themselves and or spouses. Although many elderly Americans may choose

In Josh Barro’s article, he mainly discusses the theme of Social Security. He explains how if we raise the age for people to access Social Security, that will harm poorer Americans who have a lower life expectancy due to the type of work they do or because of lack of other proper benefits. In the video, Coming of Age in and Aging America, they discuss the main theme of aging in America and the difficulties and obstacles these individuals face on a daily basis, especially in terms of Social Security. The video covers a variety of situations that the elderly face and how America can work to make the lives easier especially in a world where our elderly population in growing. One example was in a hospital where they were able to integrate new techniques and systems to make it easier for people to work longer into their lives. The main themes of Sharon Kaufman’s journal article were health care and the reform of current plans, and discussion of life-prolonging procedures. She discusses the three main procedures used in the U.S. which are organ transplantation, cardiac procedures, and cancer treatments. Finally, Segal’s text covers the themes and policies related to aging and elderly population. She discusses the acts and programs that have been put into place such as the Older Americans Act of 1965, social security, pensions, and Medicare/Medicaid, along with a variety of others.

In general, countries experiencing high fertility and rapid population growth, have a “young” population structure and the important policy considerations are if there are enough schools and, sufficient jobs and housing to accommodate this population. Countries with “old” population structures face the problems of structuring and developing retirement and health systems to serve this older population and also they have a considerable reduction the number of the working force. The decline of the work force is one of the most dramatic economic tendencies of the past four decades in the United States. The individual’s decision of whether to stay in the workforce or to retire is based on the collaboration of a number of factors including the following: eligibility for Social Security benefits, availability of and benefits under an employer-financed pension plan, work

As we become older, issues with our health begin to take affect and finding ways to fund for that care is becoming even more difficult. In the article “Some Elders Must Take Drastic Measures to Obtain Long-term Care”, national magazine journalist Mary A. Fischer (2011) states that many Americans must face demeaning and disempowering choices in order to qualify for Medicaid or Medicare—federal funded health insurance programs— such as refusing to pay for a spouses institutionalization, divorce, and spending down assets. The author argues that these choices leave the healthy spouse with decreased funds to plan for their own retirement expense (Fisher, 2011). Working in the health care field for 4 years, along with my family’s own personal experiences I can relate to this article, since I have seen a variety of ways that federal funded health insurances have been unable to meet the expectations and demands of its beneficiaries.

Experience working in the field of health care lends insight to the growing needs of the older adult population, and the barriers which impede our capacity to meet them. As the Baby Boomer age is approaching older adulthood, the rise for financial,

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.

Aging Americans, like other age groups, are feeling the effects of the declining real estate and stock markets, as well as soaring fuel and food prices. Seniors’ economic security will only increase in importance as the U.S. population ages. The nation’s health and social services resources will face unprecedented demand as 75 million people in the baby boomer generation reach retirement age—some with eroded savings and retirement accounts. Aging people of color are more likely than white

In today’s society, the work industry is comprised of numerous generations from baby boomers to millennia’s. Due to reasons ranging from increased cost of living to political policies, Americans are being forced to work longer in order to obtain the social security benefits they’ve contributed to during their careers. Each generation has certain generational influences such as war times and civil rights for the baby boomers and social media and the technology boom for the millennia’s. One constant that has not changed, however, is that the average American has to work for a living, and with the evolution of the US economy, they are having to work longer and are retiring later.

For this paper, two separate interviews were conducted with two retirees. One, M.Q., is a 66 year-old white woman who lives in a beach area. The other was JH, a 78 year-old African-American man who lives in a very rural area. Both interviews were conducted over the phone, as M.Q. is recuperating from a bilateral knee replacement and JH lives several states away. These two were chosen because they are complete opposites. While both currently live in the Southern United States, M.Q. was raised north of the Mason-Dixon line, while JH has lived south of the Mason-Dixon line his entire life. The only similarity they share is that they are retirees living on the East Coast. Because they are complete opposites, interviewing the two of them as opposed to a married couple, two sisters, or something of the like, I was able to get a more complete picture of what it means to be retired. This gave me more information, and a better idea of what I needed to look for in the articles I used.

Another key element of the American dream is having a “long” prosperous life. In order to achieve this, one must be financially sound and have saved enough money for retirement and beyond. It is a well-known fact that American’s are not saving enough for retirement. 20% of workers that are nearing the age of 65, have saved NOTHING. (Eskow) The majority of lower and middle class people have not saved nearly enough. Due to this

First and foremost, despite slight recent increases in the amount of income obtained by members of the older population, their economic status is still quite perilous (Federal Interagency Forum, 2012).1 Men in this category have a median income of $27,707, while women continue to lag behind with a median income of $15,362 (AOA & AOCL, 2012). A vast majority of these individuals cite Social Security as their primary source for this income, amounting to 86-percent of the total older population (AOA & AOCL,

Allen, S. G., Clark, R. L., & Ghent, L. S. (2004). Phasing into retirement. The Industrial & Labor Relations Review, 58(1), 112-127. Gelfand, D.E., & Bechill, W. (1991, Summer-Fall). The evolution of the older Americans act: a 25-year review of the legislative changes. Generations, 15(3), 19-22. Zastrow, C. H., & Kirst-Ashman, K. K. (2010). Understanding Human Behavior and the Social Environment (8th ed.). Mason , Ohio: Brooks Cole/Cengage.

We all are currently aging. We live in an again paradox. But, it is what we choose to do with our time while we have it that counts the most. As a young adult, and before this class I was very unaware of the importance of planning your retirement as early as possible. There are many things that go into planning for a successful retirement. Such as, but not limited to: Where will I choose to live? What will I do to stay mentally active? Or even, when will I choose to retire. In this paper, I will go over a plethora of aspects for my personal plan for aging.

With the workforce in America decreasing due to hard economic times, there is no guarantee the money put into the reserve will sufficiently support a generation when it is time for retirement. Depending on Social Security to support a person financially when ready to retire, will leave that individual in even more of a struggle than the beneficiaries trying to survive in these earlier years of the 21 century. Social Security benefits represent about 41% of the income of the elderly; if there is not enough to support even half of the elderly’s financial needs now, there is no reason a younger person should depend on it alone for retirement (Dewitt, 2010) in the future.

     As and investor, you are overwhelmed with advice in newspapers, magazines, and mailings discussing what to invest in for a successful retirement nest egg, when to start saving for retirement and who to invest with. There are millions of people who realize that an investment portfolio for retirement is necessary, but do they really understand the investment instruments and the amount they must invest for tomorrow? The subject of retirement is a fascinating area but it also could be a fuzzy subject without the correct amount of knowledge, understanding and professional guidance. The number one question of concern for individuals facing retirement issues is whether or not they