...nearing the age of retirement. Some of those people are prepared with money they have saved during their career while others are concerned about what they will do to support themselves after retirement because they haven’t saved anything. For those who have not saved anything, some are planning on working for as long as they can and deal with it when the time comes, while others are going to be forced to move in with family or their children after retirement because they won’t be able to support themselves after they retire. Many people after retirement are forced to get a part time jobs in retail or fast food because their pension or social security simply won’t be enough for them to live off of. Many people after retirement have to sell their homes and move into a smaller home or even an apartment. According to investment experts you will have to save 10 to 20 times your annual working salary to have a comfortable retirement. The vice president of oral-b started working two part time jobs after retiring because he had not saved enough money during his career to maintain his lifestyle, even though he made six figures while working for oral-b. The problem with retirement, pensions, and 401k’s can also cause some social problems. People who are unable to support themselves after retirement may not be able to afford things like health care so there would be an increase in the number of people sick or dying. Those same people who cannot survive after retirement may be forced to take...
Words: 329 - Pages: 2
...Air Force Retirement English Composition I 26 May 2015 Air Force Retirement Do you ever feel like retirement is impossible? There are times in the United States Air Force I feel like retirement isn’t going to be an option for me. There are many levels to retiring in the United States Air Force and the hills I have to climb to retirement seem difficult at times. I am a personalist in the United States Air Force that advises members of the Air Force on career development, job specialties, promotions and training programs. I counsel and advise Airmen from all departments of the Air Force, from pilots and plumbers to construction workers and combat fighters. My ultimate mission is helping Airmen reach their long-term career goals. There are times I have to place my long term goal, retirement, on a temporary hold but I continue to make every effort to promote to the rank of Technical Sergeant, avoid the violations of the Uniform Code of Military Justice and complete twenty years of service. The road to retirement can be rocky but I will overcome those obstacles that may stand in my way to promote to the rank of Technical Sergeant, to avoid the violations of the Uniform Code of Military Justice and to complete twenty years of military service to retire from the United States Air Force. First, to be considered for retirement, I will have to overcome the obstacles that stand in between me and promoting to the rank of Technical Sergeant. Technical Sergeant is the lowest...
Words: 1021 - Pages: 5
...Insurance Auto Insurance Home & Property Insurance Life Insurance Annuities Additional Insurance Solutions Medicare Solutions View All Insurance Banking Checking Accounts Savings Account Certificates of Deposit Credit Cards Home Mortgages Auto Loans Home Equity Products View All Banking Investments Mutual Funds IRAs Brokerage Services College Savings Plans USAA Managed Money Annuities Market News & Research View All Investments Retirement Retirement Planning Financial Planning Getting Started Growing Your Retirement Living in Retirement Military Retirement View the Retirement Guide View All Retirement Advice Personal Financial Plan USAA Wealth Management Managing Your Money Ask a Financial Advisor Share USAA Do you know someone who might be eligible for USAA? Invite them to discover the products and best-in-class service we offer our members. Share USAA Connect with USAA and our member community.Visit the USAA Community Hub Financial Advice Community Military Spouse Community Military Veterans Community Inside the Mission Blog USAA Mobile Corporate Info Newsroom Security & Privacy Careers Contact Us Site Map FAQs Site Terms Copyright © 2012 USAA. Investments/Insurance: Not FDIC Insured • Not Bank Issued, Guaranteed or Underwritten • May Lose Value USAA products are available only in those jurisdictions where USAA is authorized to sell them. Use...
Words: 423 - Pages: 2
...c. Collecting financial information. d. Personal finance. 2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above 5. Which of the follows elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth b. Securing basic needs c. Establishing a firm foundation d. Protecting wealth and dependants 6. People have different styles when it comes to handling their money. List the two things that affect our personal beliefs and opinions about financial planning. The two things that affect our beliefs and opinions about financial planning are our values and attitudes. ...
Words: 571 - Pages: 3
...according to the Federal Reserve Bank of New York.” One reason home buying is decreasing among young graduates is that they have difficulty obtaining mortgages. Because of student loan debt and mortgage regulations, many young adults are unable to qualify for a mortgage. They cannot meet debt to income ratio or they are not able to save the required down payment. (Valenti, et al.). In the past, carrying student loan debt was not quite as burdensome as it is today. It used to help a young person obtain a mortgage and improve their credit score. However, following the recession this changed. Regulations are stricter when a person goes to finance a house and many do not qualify (Norris B1). Overall, fewer young adults have purchased homes since...
Words: 717 - Pages: 3
...“We sleep safely at night because rough men stand ready to visit violence on those who would harm us.” Winston S. Churchill. The primary mission of the Army is to fight and win our Nation’s wars by providing prompt, sustained land dominance across the full range of military operations and spectrum of conflict in support of combatant commanders. There are five branches of the military, but there are two branches that are always up for debate on which to join. Active Army and National Guard have many differences, such as deployment rates, retirement, and command; however, they are similar in training, rank, and pay. The Army, Navy and Marine Corps were established in 1775 in concurrence with the American Revolution. The war department was established in 1789 and was the precursor to what is now the Department of Defense (DOD). One year later, in 1790 the Coast Guard was established. This was followed by the founding the department of the Navy in 1798. The National Guard as a state funded militia under various names was founded in 1636-1903, as Federal Reserve’s forces called the National Guard 1903 to the present. The Army National guard serves both the state and federal government. The governor of the state where the Army National guard unit is based serves as the commander in chief over all the guard units within that state. The governor can activate their National Guard units in cases of state emergencies. The National Guard is also a reserve component of the U.S. Army and can...
Words: 1110 - Pages: 5
...Committment Case Study Overview/Introduction A person’s behavior toward work can be affected by a combination of personality traits, level of loyalty to one’s organization, level of immersion into one’s work and dedication to one’s profession (Pennsylvania State University, 2011). All job attitudes overlap and are highly related, thus providing us with a complete illustration of the way in which individuals approach their jobs, perform and make choices regarding their employment (Pennsylvania State University, 2011). In the following case study, we will follow an employee named Robert through the evolution of his career in the concrete industry, focusing on the affects of his varying job attitudes over time. Robert clearly enjoyed the concrete industry. At the young age of 20 he developed a desire to learn the concrete industry and developed many skills that involved concrete construction. At Company A, Robert worked in a division he felt he was unable to perform his job as wholeheartedly as he wanted to. He met directly with the owner expressing his desire to be of use anywhere in the company to demonstrate his willingness to work. Robert felt rejected by not only the lack of reciprocation but his ultimate layoff with Company A. Summary of the Case Robert was 20 years old when he started to work for Company A as a concrete pump truck operator. At Company A, Robert’s division was made up of 3 pump operators who were delegated work based upon seniority. Robert enjoyed...
Words: 3590 - Pages: 15
...Aging is a process that all life forms goes through, yet every individual will experience it in a unique way. As my grandmother stated, “The last ten years of my life have been the happiest and the saddest, the easiest and the hardest of my entire life”. To understand aging in a deeper aspect, I interviewed my grandmother, Meemaw, as she is the oldest living person in my family. She has lived in many places, and experienced many things throughout her life, and continues to live what she and I deemed to be a fulfilling life. Below I will describe ideas discussed in class, such as creativity, family interactions and support, thoughts on nursing homes and care facilities, and fulfillment in aging and add a personal touch to these ideas through the words of my grandmother. I will provide definitions and research on these topics, then give examples of real life application. Creativity...
Words: 1465 - Pages: 6
...Retirement Essay It is important for our generation to start preparing for our future as early as possible. During this economic crisis it is difficult to predict our job security as well as our future finances without proper planning. Over the last couple of years we have seen the implications of what can happen to those who do not take actions to secure their finances. For those of us who are in the military we have a bit more control over our job security as opposed to those who are not. Most of us can expect to have a steady income for at least the twenty years should we choose to make the military a career. You should be saving at a minimal fifteen percent of your income each month to prepare you for your future. I recommend that you save ten percent of your gross income for your retirement and the other five percent for your long-term goals. There are many benefits to be had once you start saving such as a substantial savings for your retirement, money to purchase a home, and money for your children’s education. It is often said that the average person’s savings should have enough funds to cover at least six months of your rent or mortgage. It is important for you to start saving early so that you can provide for your family in case of unexpected emergencies, retirement, and future plans. You do not want to rely on high interest credit cards or pay day loans to get you out of a situation. These will only put you further in debt. The sooner you start saving...
Words: 1010 - Pages: 5
...my time off from the working world during the years I got married and started a family. After working for three and a half years in the financial services industry I had been exposed to the business side of financial advising; I learned about stock portfolios, retirement funds and the importance of a diversified portfolio, and though I was passionate about the industry I never fully understood the level of freedom and empowerment that one attains from financial security. I was a naive 20-something when I got married and thought my husband could be responsible for our financial future. I grew up in a relatively “traditional” family where my dad managed the finances and my mom took care of the home. And even though I had graduated from a prestigious college program in Political Science and expected to maintain a career I still had very little understanding of the importance of being a financially independent woman in today’s world. Throughout the years I have learned that there are many other women in my same situation that would benefit from financial counseling and education. Though I had an understanding of the financial industry, the fact is that prior to starting a family I had never been responsible for basic home economics such as balancing a checkbook, paying bills, or starting a college fund for my daughter. It became apparent to me how important it was for me to become involved in all of the household financial decisions and encouraged me to take charge. I figured...
Words: 590 - Pages: 3
...to mid-twenties…in debt. No retirement or emergency savings…in debt. Minimal work experience…in debt. Too many Americans are subject to this common denominator…in debt. For far too long we have become accustomed to the monotony and strenuous financial burden of at least four years of college immediately following four years of high school. At times, this may be a wise path for a student to follow but we as a society need to take a step back to analyze whether or not this truly is the best path in the long run. According to Barbara King (2015), an assistant professor of mathematics at Florida International University, when she collected data pertaining to 1,947 students majoring in Life Science, Business, Social Science, Education, Humanities, and Physical Science/Engineering, she found that 37% of them switched their major, thus delaying their graduation and increasing their debt obligation. Any student planning on taking full responsibility for their tuition should consider delaying enrollment in higher education after high school to make way for an entry-level position because they are more likely to graduate with a lower debt obligation, they will enjoy a more bountiful retirement, and they will most likely be both financially literate and free. By delaying enrollment, a high school graduate can apply for an entry-level position at a company that employs positions requiring higher education with the objective of expeditiously advancing their career upon graduation. During this...
Words: 3770 - Pages: 16
...As amended at the April 15-17, 2015, SBOE meeting §130.180. Financial Mathematics (One Credit), Adopted 2015. (a) General requirements. This course is recommended for students in Grades 1011-12. Prerequisite: Algebra I. This course satisfies a high school mathematics graduation requirement. Students shall be awarded one credit for successful completion of this course. (b) Introduction. (1) (2) The Finance Career Cluster focuses on planning, services for financial and investment planning, banking, insurance, and business financial management. (3) Financial Mathematics is a course about personal money management. Students will apply critical-thinking skills to analyze personal financial decisions based on current and projected economic factors. (4) Financial Mathematics will integrate career and postsecondary education planning into financial decision making. (5)(4) The mathematical process standards describe ways in which students are expected to engage in the content. The placement of the process standards at the beginning of the knowledge and skills listed for each grade and course is intentional. The process standards weave the other knowledge and skills together so that students may be successful problem solvers and use mathematics efficiently and effectively in daily life. The process standards are integrated at every grade level and course. When possible, students will apply mathematics to problems arising in everyday life...
Words: 3027 - Pages: 13
...Sports and Retirement A tragedy is a play dealing with tragic events resulting in an unhappy ending, especially one concerning the downfall of the main character. In the play Romeo and Juliet, the hero suffers a tragic death. The play is a tragedy because the death could have been avoided at several points throughout the play. As a result, a tragedy can result in one’s life being altered forever. The same principle can be applied to retirement. One could argue that after retiring, one’s life is altered forever. Retirement is the starting of a new life, after working for long, agonizing years. In some cases, a retirement is luxurious however in other cases a retirement can be seen as a death wish. In the anthology “The Best American Sports Writing...
Words: 2029 - Pages: 9
...Michael Jordan is a Hall of Fame shooting guard who played in the NBA from 1984 to 2003 for the Chicago Bulls and Washington Wizards, and is currently the primary owner of the Charlotte Bobcats. Winner of five regular-season MVP awards, he is widely considered the best basketball player ever to play in the NBA. Jordan led the Chicago Bulls to six NBA titles, and was voted the Finals MVP a record six times. Michael Jordan scored more points per game than any player in NBA history, with a 30.1 average, and his 32,292 career points scored rank as the third-most in NBA history. His career postseason scoring average of 33.5 points is also the best in NBA history. Michael Jordan was a 14-time All-Star, averaging 20.2 points per All-Star game, and became the only player to ever record a triple-double in an All-Star Game when he achieved the feat in 1997. He was named Defensive Player of the Year in 1988, and was on the All-Defensive First Team nine times. Michael Jordan also held the record for consecutive games scoring in double-digits (866). In 1996, Jordan was named as one of the 50 Greatest Players in NBA History. Michael Jordan became a world-famous star as his Bulls kept winning, and he kept scoring. He graced the cover of countless magazines, including Sports Illustrated a record 51 times. He also had his own line of basketball shoe -- the introduction of the Nike Air Jordan, embroidered with Jordan's signature symbol of him jumping in the air, basketball in one hand and legs...
Words: 3693 - Pages: 15
...This is author version of article published as: Price, Robin A. and Colley, Linda (2007) Assessing HR Strategies for Retaining and Aging Workforce. In Proceedings 15th International Employment Relations Association Conference: Working Lives, Working Choices, pages pp. 1-18, Canterbury, England. Copyright 2007 (please consult author) ASSESSING HR STRATEGIES FOR RETAINING AN AGEING WORKFORCE Dr Robin Price, Queensland University of Technology Dr Linda Colley, Griffith University Contact Details Dr Robin Price Lecturer School of Management Queensland University of Technology 2 George Street BRISBANE QLD 4000 r.price@qut.edu.au Telephone +61 7 31382790 Fax +61 7 31381313 Dr Linda Colley Adjunct Lecturer Department of Industrial Relations Griffith Business School Griffith University NATHAN QLD 4111 1 ASSESSING HR STRATEGIES FOR RETAINING AN AGEING WORKFORCE Abstract An ageing workforce is an issue faced by governments and employers in most western countries (OECD 2005). The generally accepted definition of an aged worker is someone aged 45 years and over (Brooke 2003). At the level of the organisation, a range of HR strategies are recommended to deal with an ageing workforce, including attracting younger workers and retaining ageing workers for longer. Recruiting younger workers changes the demographic structure of the workforce, and is not the focus of this paper. Here we identify potential strategies derived from the literature that could be adopted to retain an existing...
Words: 4916 - Pages: 20
