Persuasive Essay About 401k

One of the most important aspects of my life right now is my job. This has been shown by accomplishing many of the goals that you had set for me. I have been listening attentively to whatever you could tell me and respect your authority. I have never been late at work; working six days in a week, regardless of how busy we get I have always managed to keep the work in a balance and keep my internal customers satisfied.

Living or subsistence wage is amount of income needed to maintain basic standard of living. Theoretically, this wage should bring people out of poverty if implemented. The real take home wage for most workers are far below this ‘utopic’ living wage. Absence of living wage for most workers has been recognized as a contributing factor to the difficult task of upward social mobility with resultant diminishing equality of opportunity and relative poverty for most workers in this country today. The concept of working poor is born out of this dystopic social stratification. The threat this and other social determinant factors posed to the realization of the lofty goal of ‘American Dream’ are the subject of this paper.

“Join the union, girls, and together say Equal Pay for Equal Work” -Susan B. Anthony. Countless women, even here in the U.S. have some sort of the wage gap. The wage gap is the difference between the median earnings of women relative to median earnings of men. In this case, women earn a significant amount less than men. Although the wage gap has gotten smaller over the years, the wage gap still has a long way to go. Women deserve better than just minimum earnings. Full time, working women should obtain the best promotions and benefits. Women that work just as tough and have the equivalent qualifications as men do still earn less, and that is just unacceptable. The wage gap should be abolished on behalf of women of color and their struggle, equal pay is a global problem, equal pay benefits employers and workers, and the wage gap accumulates over time.

Imagine what an extra 20%, or more, in your paycheck could do for you. Maybe it would be the difference between just scraping by and having a little discretionary income. Now, imagine being paid based on your own merit, and not some sliding scale which has historically favored men as the breadwinners of the family. Unfortunately, for most women, equal pay is still a dream. Today, as throughout history, there exists a gender pay gap where women are paid $0.79 to every dollar a man makes. Minority women make even less. Women, of course, have always known this gap exists, but they have had little power to change it.

US health care is one of the most talked about or controversial topics in last few years. We often come across debates, articles or columns relating to this topic. This is a hot topic of this generation. Why everyone should have insurance? Why people should have for something that might not use? These are some of the questions we found ourselves surrounding by. In my opinion US citizens should be required to have insurance. Both men and women have separate needs when it comes to health. More women are facing health issues because of teen pregnancies and child birth, it is important to for everyone to have a health care plan according to their needs. So when the time comes right treatment and medical attention can be provided. In this piece I will be presenting some ideas and arguments supporting my side and also looking at the flip side of the discussion.

The term 401 (k) is one that is heard quite often in today's. Most people know that it has something to do with retirement, but few young people know exactly how 401 (k) plans work or why they are becoming more and more popular. Additionally, many people who have 401 (k) plans may not know all the details of how they work, how to get the most out of their plan, and how to keep their money safe. In reality, everyone in the business world should be aware of the details and advantages of having and managing a 401 (k) type savings plan, as it is becoming one of the most popular ways to save for retirement in the United States and many other countries.

The United States is the only country among 41 others that does not legally stipulate paid maternity leave, which leaves this legislation at the discretion of the individual states (Livingston, 2016). Currently, parents in California are covered by California State Disability Insurance, and receive 55% of their salary for six weeks (“About Paid Family Leave (PFL),” n.d.). California is one of four states that supplement the national Family and Medical Leave Act of 1993, which guarantees unpaid maternity leave for 12 weeks (“Why So Few Women Take Maternity Leave | Time.com,” n.d.). It is my recommendation that the California House of Representatives vote to pass bill AB-568, an assembly bill that allows public school and community college employees fully paid maternity leave.

to saving for retirement - the earlier you start your plan the better it will be in the long

Teachers have and will always have a big impact in everyone’s life and if not everyone, well, at least they did for me. They teach you everything you need to know about a subject and valuable life lessons, so why are they not paid sufficiently enough to make a decent living? Teachers salaries have always been low and I believe it is the time that changes. Being a lawyer, doctor, or engineer is great, but none of that would be possible without the insight of a teacher, I will inform you in this paper on why I believe there is a need for action. I will go over the background of teacher’s salaries, my ideas on what would be best for teachers not just in Texas, but nationwide, and pros and cons on the issues and ideas at hand.

Healthcare is the maintenance or improvement of health and the prevention of sickness diagnosis, and treatment of disease, illness, and injury. Because of the need for healthcare is so important, the America government had to come up with a way to make sure people have healthcare and be able to pay for it. The government came up with a healthcare system that use insurance and premiums to make sure one has coverage when they go to the hospital for healthcare needs. If the government and hospitals really care about people’s health, then why do they make insurance and premiums so high that people cannot afford them? In 2005 there was an estimate 45 million Americans that lacked health insurance, and the numbers have been climbing since (Clemmitt, Universal Coverage 1). If the government says that they care about human life, then there should just be universal coverage so everyone can get their healthcare needs met no matter if that person is poor or rich.

Individual Retirement Accounts (IRAs) are another way to save for retirement. They can be used independently or in conjunction with a 401K plan. Funds are deposited after taxes have been withheld so there is no tax due upon withdrawal in retirement. IRA contributions can be withdrawn without penalty if you face a financial hardship such as losing your home or significant medical bills.

I. (Attention Getter) Only 2 people out of the 19 responses I got from the survey have started saving for their retirement.

When you are young you always hear people saying it is never too early to start saving for retirement, but at that age the last thing you want to do is put your money towards ending the career you are just trying to start. It is hard to imagine a time where you won’t have to go to work on a daily basis, to make a wage, in order to pay your bills, but the ultimate goal is getting to that time in your life where you don’t have to go to work and the bills are already taken care of. The hope for everyone is that the bills are taken care of and you are able to focus on leisurely things you did not have an opportunity for while employed. What we fail to realize is that the longer we wait to save the more we have to be concerned with the pressure of time running out and not enough money saved. Not to mention the sooner you start saving the more time you give your money to grow.

Take full advantage of employer matches to your retirement plan. Often as an incentive, employers will match a certain amount of what you save in a retirement plan such as a 401(k). If you don't take full advantage of this match, you're leaving money on the table.

Mandatory retirement is perhaps a necessary evil; as older employees are forced out of the work force, it creates space for new, younger employees. Mandatory retirement is a form of age discrimination, it forces a person to retire because they are a certain age; it does not take into account if that person wants to retire. It also does not take into account the financial standing of the individual, or if they are physically or mentally still capable of doing the job.