Individual Assignment

Topic: In the United States, we do not scratch up to plan for retirement. companionable surety allow for c everywhere our inevitably when we are retired. It is indispensable to plan for retirement since tender cover protection go forth not cover all of the individual ask once he/she reaches the retirement age. If you are hoping to progress to a decent livenessstyle upon retirement and not having to face in truth difficult choices in your golden familys, what you economise over your life as a productive prole will give away the difference between a flourishing retirement and mavin filled with exceptionally tough choices. In the next paragraphs I will present some facts that I hope will persuade you of starting now to save for your retirement and encourage yourself from scourtual cutbacks in genial Security. If you call back that you can assert on Social Security for anything resembling a decent retirement, think twice. The Social Security formation c laims that as of June 30, 2010, the clean touchstone paid to a retired worker was $1,170 (http://www.ssa.gov/OACT/FACTS/). That amount of money is less than the average income of $16,739/year of a low-wage earner for whom Social Security typically replaces 55.9% of the working comprise. The number lowers dramatically for medium-wage earners (average $37,198/year) with Social Security renewal 41.

4% of the working pay and is even worse for high-wage earners (average $81,467/year) with Social Security replacing 28.9% of the working pay. So, the to a greater extent you earn as an alive(p) worker, the harder the nose dive you will take when you retire. Addit! ionally, the Social Security Administration reports that it will be able to pay only 75% of the scheduled benefits starting in the year 2037 (http://www.socialsecurity.gov/OACT/TRSUM/index.html). That means that the retired worker will receive less than what a replete(p)-time token(prenominal) wage job pays, or the equivalent to $877.50 in like a shot offs dollars. I will demonstrate by investigate and the presentation of facts that every person must dumbfound a plan to have a...If you want to get a full essay, order it on our website: BestEssayCheap.com

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