Retirement

Financial planning and retirement planning will not be the same as it was for the previous generations of retirees. As people continue to live longer, they will need to save more money to adequately prepare for a retirement period that may last just as long as their working career. In addition to a longer life expectancy, retirees will also have to deal with the possibility of taking care of their aging parents as well as adult children who may need to move back home for an extended stay. Considering

neither one of the participants were aware of retirement when they were younger. According to Schultz, the idea of “retirement is relatively a new phenomenon, and it was not until the Industrial Revolution, the creation of Social Security, and company pension benefits were created in the first half of the 20th century that individuals were able to cease employment while they were still otherwise able to work” (Schultz, 2011, p. 170). Since retirement was still relatively a new concept for the participants

Discussion #2: The Pros and Cons of raising the Retirement Age In recent years the phrases thirty is the new twenty and fifty is the new forty have become commonplace. This is in large part to adults being healthier, stronger, and living longer than ever before. In fact, the life expectancy in the United States is at the highest rate ever. Women can expect to live on average until the age of eighty-one and men to the age of seventy-six. As with all progress, there are some negative consequences.

Individual retirement accounts (IRAs) have become a dominant retirement vehicle in the US. As a result, the IRA has become a major asset class that stands out in the estates of many high net worth individuals. For those with outside funds who are drawing only the required minimum distributions (RMDs), the IRA can be a great asset to pass on to the next generation. Younger heirs will have the ability to stretch out the tax-deferred status of IRA assets by taking out distributions over a long period

The first retirement plan created in the United States, is one that the majority of us are familiar, the Social Security Act, signed under law in 1935. Up until 1939, Social Security only paid retirement benefits to primary workers, which for the most part were men. Age 65 was chosen as the retirement age because individuals who survived past childhood were likely to live past 65. However, not everyone benefited from such assistance, even after age 65—agricultural and domestic workers were excluded

Introduction Retirement is the ideal that everyone after a lengthy career can relax and collect the benefits that were guaranteed. This is the symbolic accomplishment of the American dream. In reality, retirement is a transitional phase associated with an aging population, along with unplanned changes such as disease, disability, and widowhood. Retirement is anticipated and planned for years in advance, however this does not happen as often anymore. Currently, in the United States, there is a portion

Renovation and Property Updates. • Property Development and Management. 3. Target Market Description The retirement industry has been growing over the past decades. The percentage of the Australian population over the age of 55 is at its highest of 23% and is growing at an average rate of 3% each year. In certain parts of the country like the NSW and ACT, which has a high concentration of retirement communities, the growth rate is about 7%. Based on recent data published by Australian Bureau of Statistics

for society to expect of retired individuals? Given the changing demographics of the United States, should retirement be discontinued? Why or why not? At what age should a person retire? The decision to retire, and at what age is not one to be taken lightly. Each individual has to make this decision based on a number of factors. In an article, Martin, R, Beach, S (2012) reported that retirement is a decision that the so-called, “baby boomer,” will have to make soon. The baby boomers are those individuals

Options for Retirement The majority of people age 65 or older in the United States are still working in full time positions. This opens the question if they planned for retirement, or what if anything went wrong while working? How do they feel about still having to work? Have they taken proper steps in preparing for retirement? Are they only working to pass time? These are the questions that everyone should be asking themselves about their own retirement plans, and what they have done to financially

Personal Financial Planning - Retirement Planning By Aaron Lau | Submitted On February 19, 2010 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Advances in medical science have resulted in people living longer. This