Pros And Cons Of Retirement Decision Making

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

Many people in the "baby boomer" generation are staying active as they age. By either jogging, swimming or becoming part of a sports team. They strive to remain youthful and mentally young and view retirement as an active period of their life. Theirinterest in health , fitness, looking young and attractive and longevity is quite phenomenal. They can expect to live longer due to medical advances however stress and burnout could impact on this expectation of longevity. They are well educated, thirsty for information interested in travel and will want to stay involved in the political processes. In addition they are optimistic, forward thinking and undoubtedly redefine old age. As the oldest of the nation's 75 million baby boomers approach the age of 60, a Pew Research Center survey finds many are looking ahead to their own retirement while balancing a full plate of family responsibilities either raising children or providing financial and other

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.

M.Q. said that she considered herself retired at 64. However, she began planning for her retirement almost thirty years prior, at the age of 38. As M.Q. was a registered nurse, she did not start a 401 K. Instead, she started a 401 B. One of M.Q.’s chief joys and complaints about retirement is all of her free time. She enjoys it because it lets her spend more time with her extended family, her husband, and her dogs. She dislikes it because she often finds herself

As the baby boomer generation is starting to age and retire, there will be an increase for retirement and estate planning services. While some of these retirees will find this not important, some will take action. Children will start to help parents plan for their aging needs and assisting with getting their parent’s affairs in order. Although, most people between the age of 50 and 70 are more concerned with watching how much money will be available upon retirement, they will have to seriously start talking about uncomfortable things such as aging issues, such as failing health, unexpected death and diminishing mental capacity. As uncomfortable as these things are to talk about, it is most imperitive to think about “what if” scenarios

A general fear of having flexibility in a seniors retirement years is a concern when

This report will explain what demographic and personality factors among retirees that are correlated with the

The age markers are slowly changing and so is the concept of retirement. The modern aged community is unwilling to declare themselves as retired. One of the respondents made a statement that he wishes to work as long as he could do. A self declared retirement will make one detached from activities thus speeding up the ageing process. An earlier retirement will most probably make the individual feel old soon and this emotional drift will have a dramatic influence on his physical as well as mental and emotional health as well.

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.

Aging is described as a sequential, irreversible, progressive, and non-pathological process of maturation in an organism and that translates to a gradual decline in the ability to perform activities optimally. Aging is an individual process that can be a period of stress for individuals especially following their retirement (Hiller & Barrow, 2015). The current study sought to understand the process and experience of aging from the perspective of elderly individuals. In discussing matters of aging and retirement, many assume that women are always eager to retire, and adjust well, as compared to their male counterparts (Bauger & Bongaardt, 2016). Many people assume that since women are generally made as homemakers, they are willing and happy to retire while men, whose nature is to be the main source of family income, find it hard to be out of work (Moody & Sasser, 2014). Indeed, there exists very little literature that sheds some light on this area, particularly on the attitudes of each gender towards retirement and process of aging. Given the significance of retirement to this life stage, the study sought to understand the emotions and views of individuals regarding their retirement through the lenses of (1) Physical health and wellbeing, (2) Friends, Family, and Community, (3) Work and leisure, (4) Finances and lifestyles, and (5) Living

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.

In the book “All the Money in the World” Laura Vanderkam offers ways to approach retirement with stronger motivation the closer it gets to reach a wealthy life. People believe that focusing on planning their future by retirement save and give them a brighter and safer financially secure life. Instead, why don't they change the way they think and come up with creative ideas and ways with kind of work that they would never want to retire from.

1. This is understandable because most of us probably think that retirement is something that is eons away.

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

Although mandatory retirement is not largely popular, it still has an effect on many older workers and how they plan for retirement. "Mandatory retirement involves less than 1 percent of the work force and so opens up only a small fraction of the total jobs", because