Persuasive Essay On Retirement Savings

Student loan has been skyrocketing since 2006, and it keeps increasing each year. To make

Have the American people thought about their life in the future? Will People need long term care? One long term care option is an Assisted Living Facility. Assisted livings need to be ran effectively with consideration of elder’s health, wellness and safety; while maintaining a balance between care and daily business functions. As people get older, there comes a point in time where family may need to make the decision to put a loved one in an assisted living facility. It is not an easy decision to make but the family or individual has to decide what the best next step may be.

I regularly encourage young people to start a 401k plan with their employer as soon as they're eligible. This is extremely beneficial because it allows you to put away money before you get your check and are tempted to do something else with that money! If someone decides to participate in their 401k plan for 20+ years, they may be able to secure themselves in a better position to enjoy their retirement. If they start contributing early before marriage, kids, mortgage, and all the other things life comes with, then they will probably continue to invest. I’m glad I started before my life became more complex. I became more disciplined to live without the extra money and continue to live beneath our means, which allowed more contributions when I got promotions or pay raises. The trend continued as a husband, kid, homes, and everything came along.

Welfare started as a temporary response to the economic crash in the 1930s. Its primary goal was to provide cushioning to the families who lost the ability to be self-sufficient during the Great Depression. Yet, as America slowly rose back to becoming prosperous and wealthy, a significant chunk of America's population stayed below in the transitioning social system. The welfare system started to become counterproductive to the government so that, in the 1990s, Clinton hastily came up with legislation to end welfare, more famously known as the Welfare Reform Act of 1996. This road that Clinton led ended in a downfall as more people than ever before are now dependent on the federal government for food, housing, and income. Our current welfare reform may need another reform before welfare can truly end.

According to the National Foster Youth institute, “More than 23,000 children age out of the US foster care system every year.”() Aging out is the process of a teens transitioning from the legal control of the foster care system, to independent living. Youth aging out of foster care should be given an extension on foster care services after the age of 18, because it provides a stable home for teens, it increases the amount of college graduates and it provides healthcare for those in need.

Because of the nation’s national rising debt, student loan forgiveness has been a significant topic of debate because of how much it can affect our nation’s debt and doesn’t always help the student. Student loan debt is one of the highest debt causes, but sometimes we forget that we are the ones that sign the line on the contract to be in years of debt. This is because we value our education. But this does not mean that just because we can’t find an amazing, high paying job right out of college that we should have our loans forgiven. We want the easy way out of something that isn’t easy, so why should the government pay for our debt? Yes, college is very expensive and that is the governments fault, but again we are the ones that signed the line on the loan papers. (Sam Adolphsen, 583)

Source: CDC, National Center for Health Statistics, National Health and Nutrition Examination Survey. Health, United States, 2002. Flegal et. al. JAMA. 2002;288:1723-7. NIH, National Heart, Lung, and Blood Institute, Clinical Guidelines on the Identification, Evaluation and Treatment of Overweight and Obesity in Adults, 1998.

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.

“Your assignment is to write a persuasive essay and present it to the class in a week. You will be graded based on how convincing it is. Today we will be choosing topics,” announced Mr. Bowerbank, my 7th grade English teacher and ruler of classroom 110. My class simultaneously groaned at the prospect of work. I simply lifted my head with intrigue as it was already May and about time we had our first essay. He then proceeded to give examples of topics we could choose and gave us some time to think before we had to tell him our topic. My classmates were already rushing to tell the teacher their idea lest someone else steal it. That meant the usual abortion, death penalty, or drug use topics were out. I really couldn't think of anything and the teacher was slowly making his way through the remaining students like an executioner beheading criminals in a line. I have always thought that he would make a marvelous supervillain if he had a curly mustache, a tophat, and a cape. Eventually my name was called. I slowly dragged myself over to his desk. Even sitting down, he still seemed to tower over me. “What is your topic Cindy?” As usual in such desperate times, my mind turned to food. “Waffles are better than pancakes.” I figured that a waffle was just a differently shaped pancake with a nicer texture. “Hmm. Excellent topic. I look forward to your essay!” I survived to live yet another day.

A. Social Security is a Federal program where they take a percentage from all of the wages earned by workers in this country.

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

Why spend money that is really needed for other things? Why live uncomfortably? Why be trapped in this hole called a home that belongs to another person? Why not live free and peacefully? When a person rents he or she usually throws away money that could be used to purchase something that belongs to them. Money is not easy to come by so why pay out hundreds toward something that is not benefit to the person paying it out. There is no good explanation for making a decision like this. The best option in a situation like this is to buy a house. Buying a house is a better option than renting an apartment.

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.

In 2016, an accumulation of almost 1.4 trillion dollars of student loan debt was outstanding in America (Kess). Students from all over the nation, and the world for that matter, are going to higher education without the financial ability to do so. One of the few options for financial aid available to these prospective college students is to take out student loans to pay for the high tuition of most universities and colleges. While these loans are a modality for attending higher education, they often come with strings. Along with being several thousand dollars in debt, interest also accumulates into the total amount of the owed financial total. Until these loans are repaid the interest keep accumulating and the debt grows. With debt still affecting students negatively well after they finish their higher education, the price of college tuition should be abated.