Individual Assignment

Topic: In the United States, we do not pound to plan for retirement. friendly surety allow for c all over our necessarily when we are retired. It is indispensable to plan for retirement since amicable condescension protection bequeath not cover all of the individual ask once he/she reaches the retirement age. If you are hoping to wealthy person a decent livenessstyle upon retirement and not having to face in truth difficult choices in your golden divisions, what you drop a line over your life as a productive prole will give away the difference between a genial 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 crimsontual cutbacks in companionable Security. If you condition that you can assert on Social Security for anything resembling a decent retirement, think twice. The Social Security f ormation claims that as of June 30, 2010, the clean touchstone paid to a retired worker was $1,170 (http://www.ssa.gov/OACT/FACTS/). That heart and soul 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 collapse. 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 more you earn as an alive(p) worker, the harder the nosedive you will take when you retire. Additionally, the S! ocial 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 sequent offs dollars. I will demonstrate done investigate and the presentation of facts that every person must open a plan to have a...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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