Preview
Preview

Avoiding the Retirement Bust Essay

No Works Cited
Length: 538 words (1.5 double-spaced pages)
Rating: Orange      
Open Document
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Avoiding the Retirement Bust

 

A recent Gallup poll indicates that nearly 75 percent of 30-to-49 year olds worry about not having enough money to live a comfortable retirement. In addition, 60 percent of those polled say they don't earn enough money to save for retirement. What do these recent polls suggest about many of the baby boomers' financial concerns? Fortunately, for those individuals who are inclined to take charge of their own destinies, several types of tax-deferred retirement savings exist. The government introduces these various retirement savings options to meet the specific needs of three distinct groups of income earners: the self-employed, employees of businesses offering retirement savings incentive plans and just about anyone else who has earned income and is interested in saving for the future.

 

The first type of option is known as either a Keogh or a Simplified Employee Pension (SEP) plan. These retirement savings plans were created for individuals who either have self-employment income or are partners in their own business. In bo...


Click the button above to view the complete essay, speech, term paper, or research paper








This essay is 100% guaranteed.


Title Length Color Rating  
Phased Retirement Essay - Introduction Where will they come from. That is a question that is facing organizations and businesses in the United States as they ponder where the next wave of workers will emerge. Organizational recruitment and retention strategies have been challenged to find replacements for a generation of employees on the brink of retirement. This generation, the Baby Boomers, is a generation numbering 76 to 78 million people (Stendardi, 2005), a staggering number when contrasted with a 2009 Department of Labor figure of an employed civilian workforce of 140 million workers....   [tags: Retirement]
:: 20 Works Cited
4247 words
(12.1 pages)
Term Papers [preview]
Planning for Retirement Essay - “You can be young without money, but you can’t be old without it” -Tennessee William As we age into wisdom, money becomes more essential to our daily lives. Discouragingly, we who are opportune to have jobs, misuse our finances on desires, like cell phones, computers, iPods, and other miscellaneous commodities. Rather than what is profoundly essential to ones futures, as we age, we steadily realize this, but in several cases it may be too late when we finally pick up on this information. When retirement is convenient, we are looking forward to a unwinding life....   [tags: retirement, money,] 527 words
(1.5 pages)
Good Essays [preview]
Essay about Working Into Retirement - After the attacks of September 11, 2001 more than 40 percent of the FBI agents around the world had five or less years of experience on the job. The agency was partially to blame because of its policy of mandatory retirement at age 57. This caused what was described as a "brain drain" because so many of the more experience analysts were gone. The solution was to hire back the retirees as consultants and classify them as temporary employees so as not to affect their pensions. The problem is not unique to the FBI and seems stem from society's obsession with youth....   [tags: Labor Force Workforce Retirement] 813 words
(2.3 pages)
Strong Essays [preview]
Judicial Retirement - A Supreme Idea? Essay - Supreme Court Justice Anthony McLeod Kennedy (born July 23, 1936) recently turned 75. Justice Kennedy is considered the “swing vote” on the current Supreme Court. He recently told acquaintances that he does not plan on leaving the Court any time soon (DeFrank). We tend to hold justices in high esteem; that they are superior in knowledge, wisdom, and fairness but, the truth is, they have faults and imperfections just like the rest of us. Our Constitution allows our justices to sit on the Court for life, termed as “good behaviour” (“U....   [tags: U.S. Justice System ]
:: 12 Works Cited
1798 words
(5.1 pages)
Powerful Essays [preview]
Avoiding the Unavoidable Essay - Nathaniel Hawthorne and Edgar Allan Poe are often thought to have different themes in their writing, but in reality, they have extremely similar themes. In Hawthorne's "Dr. Heidegger's Experiment" and Poe's "The Masque of the Red Death," one theme is incredibly prominent. Death is unavoidable, and when one tries to escape death, one will always find it hiding around another corner. Death can be evaded by hiding behind a barrier or attempting to conquer it, but one will always fail and have a limited time before it catches up....   [tags: Comparative, Poe, Hawthorne] 1191 words
(3.4 pages)
Good Essays [preview]
Essay on boom and bust - Boom or Bust: Prohibition Coursework Was it bound to fail. A-: Study source A and B. How far do these two accounts agree and prohibition. Source a is dealing with two different sources but both about the subject which is Prohibition. Many of historians have their own opinion about it, but the main question is of these two-account show much do they agree on about Prohibition. Source A is a section of writing that was published in 1973 and was taken from a history book. They clearly state that historians disagree about what was mainly to blame for the introduction of prohibition....   [tags: essays research papers] 1984 words
(5.7 pages)
Strong Essays [preview]
Essay on Adjustment to Retirement - Retirement adjustment is important to study for several reasons. First, the face of retirement is changing as a result of the aging baby boom cohort and the sheer size of the group of people that will be entering retirement over the next several decades. The proportion of the population reaching retirement age is higher than it has ever been in the history of the U.S., and is projected to double by 2050 (Jacobsen, et al., 2011). Furthermore, people are living much longer, and, consequently, more years after retirement (Alley & Crimmins, 2007)....   [tags: transition, resources, satisfaction] 2064 words
(5.9 pages)
Powerful Essays [preview]
Essay on Individual Retirement Accounts: Why Bother? - Individual Retirement Accounts: Why Bother. Outline Thesis: When planning for retirement, Individual Retirement Accounts offer several benefits; however, careful planning is essential to ensure that: upon retirement there is an adequate amount of money saved, that the heirs to the IRA are chosen carefully, and that unnecessary taxes and penalties are avoided. I. Upon retirement there is an adequate amount of money saved. A. How much money necessary to retire. 1. Social Security verses retirement....   [tags: essays research papers fc]
:: 2 Works Cited
1791 words
(5.1 pages)
Powerful Essays [preview]
RETIREMENT Essay - Retirement, Are You Saving Enough. 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....   [tags: essays research papers] 2315 words
(6.6 pages)
Powerful Essays [preview]
Planning Retirement Essay - People of all ages should begin planning for retirement and managing their money well so they are ensured enough income when they do retire. Retirees estimate that people will need 71% of their pre-retirement income to maintain their current lifestyles. Stocks and 401(k) plans are recommended.FactsNonretired Americans with household incomes that average more than $50,000 assumes they won't be able to retire until age 59.More than a third of affluent retirees with children and grandchildren are helping to support them financially, as are 29% of all retirees....   [tags: essays research papers] 732 words
(2.1 pages)
Better Essays [preview]