Persuasive Essay On Saving For Retirement

New clients, visiting my office in San Diego, are often embarrassed when they admit to me that they don’t have, a will or trust or that it’s been a long time since they updated their estate planning documents. For years I’ve told them that they are in good company; maybe I should have said bad company?

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.

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.

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

The legislation referred to as the Social Security Disability Insurance and Unemployment Benefits Double Dip Elimination Act has recently come to my attention with great concern. As a citizen of the United States, a current taxpayer, and an eligible voter as of May 2015, this bill will not only affect my present but also my future.

The last time I saw Charlie outside prison walls we were on the run. Charlie was on the run, not I, I just went along for the ride because he was my husband. Charlie was on parole, but he loved to drink his booze. In our state it's a violation to drink while on parole.

In today’s society, the older adults are often left behind and forgotten about. Society is often less concerned about this population when they should be more concerned. As discussed above, as some transition into later life, it is almost like they are entering a new world that they must readjust to. They have to get comfortable in their new living environment, sometimes without their spouse and with fewer friends and family members around. As a society, if we don’t start monitoring this population, the high rates will continue to rise and more older adults will continue to self-harm which will lead to a huge social justice matter. In order to advocate for this population, we must first educate those who are not aware. I think it would be beneficial to start small programs or fairs throughout different communities where families can be educated on exactly what to look for and how they can care more for their older adult family members. In order to make this possible, resources are need. Educators, physicians and social workers can all come together to provide the necessary curriculum to those being educated. Certain policies should also be in place that will prevent the misuse of prescription drugs. Instead of quickly responding to chronic pain with medicine, maybe other things should be in place such as physical therapy or natural herbs, to help those individuals work through their pain. As older adults visit health care more often, physicians should take time for screening

In some eyes America has a great retirement program. Pay money into Social Security and then be able to retire at a certain age. Some people believe the Social Security money is going to be nonexistent in the near future. That wouldn’t be bad though. If the government can't help us retire that’s great because we don’t have to rely on them as much. We would have to work for the rest of our lives, which is also great because that would teach us how to appreciate a hard earned dollar. Some people complain that if we have to work for the rest of our lives then the unemployment rate will go up because there would be no new job openings, but hey first come first serve right? Since a few Americans believe this is such a big deal I have come up with a brilliant way to fix our Social Security problem. I'm sure you have heard of the saying, "Out with the old, in with the new." Well, my solution is quite similar, lets just get rid of the elderly people. Of course there would be a certain qualifying age. Now, I have several different wonderful ideas on how to execute this plan.

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

Companies and government entities enable employees to prepare for future retirement by offering employees a variety of retirement options. Retirement options are broken into two categories: defined benefit plans and defined contributed plans. Defined benefit plans include pension plans, which allow employees to receive guaranteed payments calculated by focusing on the number of years of job commitment and average yearly salary. Additionally, the employer takes on the investment risk instead of the employee. Contributions by any of the parties are optional, however, contributions are mandatory for defined contribution plans. Popular examples include 401(k) or 403(b) plans, which employees can elect to include a portion of a paycheck to the plan as a contribution twice a month (Defined Benefit Plan 2016) (Defined Contribution Plan 2016).

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.

Budgeting in today’s culture plays a huge role. When a new president comes to office, their first take is budgeting. Since President Obama have taken office he received a debt of 10.63 trillion, now when President Trump took office he received a debt of 19.95 trillion of dollars. Since being in office Trump decided to propose a budget system in which he would cut funding for various programs and also increase funds for numerous programs. Another problem that we as a society face is President Trump costly vacations, also when running for president the amount of law enforcement protection that was assigned to him. Addition to President Trumps budget plan, he wants to build a wall on the board of between U.S and Texas.

Stating the facts is that there are major issues that has risen among huge of the population today. The important matter that has ask the question on how people can save money for their retirement. The question need to be answer but the majority of our population don’t seem to realize to when there should be a plan to put away as you retired. You will get some people that don’t know what a 401k is if people know and did their research on how to go about doing the 401k. People would have done it before they started getting older to retired, to have some types of plan for their future of retirement. There are not that many whom is in the job that they have been there for so many years before they retire, who has not sign up for the 401k to put many away for the future. I am going to be 49 years old when I got together with my boyfriend he was telling me about the 401k. I’ve never knew what that was until he had explaining it to me I said to myself I wish I knew so I can start put little bit of something away. Although, I’ve never did so now I look back in all the time that I had work I felt that I am behind in everything and not having a backup plan for the future. This is very helpful in so many ways now I can build my future and planned as I start to finish school in the next two month. I hope to get into a field of career that I am enjoyed doing of helping people and hope now to start putting some types of percentage of my paycheck away to build the cash for the

As Children we all wanted to grow up and be adults and do adult things; but we never knew the consequences of actually getting older. We used to want to drive,make money,have jobs and hangout with friends. Once we got to be of the age to do all these things all the wishes of wanting to be older faded. We will be talking about the pros and cons of being an adult versus being a child.

Everyday we are faced with the financial struggles of the future. As college students we are worried about pay rent, bills, and wondering how many times we can defer our student loans because our bank accounts are on E. Then here are words like savings, retirement, and 401 k plans and it is a completely foreign language to us. In our heads, how is it even plausible to think about saving money, when all we see in our current life is money just being taken from us. We spend so much on going through college trying to get somewhere in life because we were always told you need a degree to make money. So here we are 4 years later, diploma in hand, and started the career, but have 50,000 dollars in student loans and trying to plan for when we