Underestimate Life Expectancy

Pension Plans By Tay’veun Glenn Introduction Pensions are known as a retirement account that most employers maintain to give employees who have stayed with the company a payout upon retirement. Most employers give recipients of pension accounts a choice between a lump-sum payment or monthly annuity payments that are based upon the amount of time that the employee worked and their final salary prior to leaving the company. There are different types of pension plans and the use of each one is dependent on the employer. The Governmental Accounting Standards Board and Financial Accounting Standards Board both have to report pensions and have designated different ways to account for it.

More than 40 years ago a pension was the best form of assurance for a financially happy life after retiring. In 2016, the Central States Pension Fund forecasted that it will run out of money in the near future. To potentially stop the fund from running out of money, it has proposed cuts to current and future pension payments. These cuts will affect not only thousands of workers, but could affect millions. As the director of the Central States Pension Fund it would be best to push for cuts on pension payments.

Perception of aging and BSN core competencies discussion My perception of aging and senility were different when compared with the facts on aging pre-assessment quiz. The prevalence of individuals that have symptoms of dementia is much higher than I believed. Another misconception I had was believing elderly people were happier than younger individuals. Honestly, the thought of retiring, experiencing the freedom to spend time with loved ones, and enjoying hobbies would lead me to think elders would be happier than younger people.

Future return on savings is important to retirement accounts. As indicated in the Retirement Savings Spreadsheet, retirement age can impact the longevity of the funds. Delaying retirement each year will aide in the growth of the retirement savings and extend the period of time the funds will last.

Americans are living too long. They are trying to prolong life and delay death. One such person, Ezekiel Emanuel wrote "Why I Hope to Die at 75," and he argues that living too long is a loss (1). He is stating that he does not like this trend. Emanuel does not hope to extend his life as long as possible.

There are thousands of people in the world who oppose the idea of age based healthcare rationing. Some believe that if we ration healthcare based on age, that it would take away rights and justices from the elderly population (scu.edu). Like mentioned in the article by Claire Andrea and Manuel Velasquez, “Aged-Based Health Care Rationing”, when people refer to the justice part, they believe that everyone should be treated similarly unless there are rules or morals presented that require them to be treated differently. Yes, everyone should be treated equally, but healthcare rationing is not going to treat people differently, only the medical resources would be rationed. Andrea and Velasquez make a good point in the article, they say by rationing medical resources it would increase the economic productivity of the young, making it more beneficial for the whole world.

Between 2010 and 2050, the United States population ages 65 and older will nearly double, the population ages 80 and older will nearly triple, and the number of nonagenarians and centenarians—people in their 90s and 100s—will quadruple. (KFF, 2015) Trustees of Medicaid are forecasting that in 2024, Medicaid will start running out of funding. Although there is little evidence in the trustee’s projections it is still something that needs to be looked as more and more people are getting older and are needing benefits vs a number of people putting in. Every day there are 10,000 people turning 65 or older.

Late Adulthood Many people in the United States and other industrialized countries are living longer. The life expectancy at birth now is 81 years old. Although this is an important achievement, it is important for social workers to understand the affects that increase longevity have on the individual, family life and social work practice. (https://www.nia.nih.gov).

The result shows that 46 or 92% of the elderlies wished that they had more respect to themselves. Forty or 80% of them said that they sometimes pity themselves while 34 or 68% of them perceived that they have little or sometimes nothing to help their family and friends. In addition, 33 or 66% of elderlies said that they are not happy with their accomplishments in life while 32 or 64% of them perceived that they do not have capabilities and good qualities that they can be proud of and shared that they find it difficult to accept the changes happening in themselves at the present moment. Moreover, 28 or 56% of the elderlies shared that they often think and wish that they are in other people’s condition while half of them (50%) think and feel that they are useless. Further, despite of the adversities experienced in later life, 32 or 64% of elderlies didn’t think that they

Dave Ramsey’s book, Financial Peace Revisited, gave plenty of insight into have to better stewardship over finances. There were several enlightening aspects of this book. The covers information on saving, creating a budget, tips on getting out of debt, financial investments, paying off a mortgage and giving to worthy causes. In this paper, each aspect listed above will be discussed. Saving

The seniors feel unprepared for what is to come, which is another factor on why they are working pass their times Analysis of Senior’s issues with money to Thesis The seniors are facing issues regarding retirement and supporting their children. This has a negative impact on everyone. Body Paragraph #2 Argument #1: Healthcare Transition Sentence Body Paragraph #3:

Second, the absence of real annuities indexed to the consumer price index. Finally, the problems in insuring the risk associated with a varying length of working life results in market failures. Workers who experience declining skills due to health issues or other

Preparation Outline Persuasive Speech Name: Fong Xiang Qi, Noreen Tutorial Group: W14 Date: 15th October 2015 Title: Plan for the future you and your loved ones. Topic chosen: Life Protection Insurance and Saving Plan. Specific purpose: To persuade my audience to start planning for their future wellness and financial needs to cope with the uncertainties in life.

Introduction I. We as a human being, we age and it is said that there will be more elderly people in the future. A. According to the graph of 2012 Population Estimates and National Projections from the Current Population Report by Jennifer M. Ortman, the population aged 65 and above is projected to be 83.7 million in 2050, almost double its estimated population of

1. They need to evaluate and select appropriate investments, establish and implement a plan for retirement goals. The first thing they should do is to have an emergency fund saving account which they already have and meet the money they need according to their monthly expenses multiplied by 3 months; second, they can begin investing participating in an employer-sponsored retirement account. 2. Carefully manage increased need for the use of credit, investment fund for college.