在不断变化的环境中检验退休 [6]
论文作者:www.51lunwen.org论文属性:作业 Assignment登出时间:2016-03-28编辑:zhaotianyun点击率:13941
论文字数:4095论文编号:org201603261034597704语种:英语 English地区:比利时价格:免费论文
关键词:Social Security退休社会保障
摘要:摘要:本文主要讲述了在当今社会时代的背景下,退休后将计划考虑社会保障来维持良好的退休生活。
ed to 35 years ago (MSNMoney). With all of these issues compiling there must be strategies to combat the problems. Generation Y has to be focused on saving more, and has to invest using their heads. One factor that some see as a future problem is the investing techniques of Generation Y. Many feel that Generation Y is too conservative when it comes to investment choices. This may be the fault of the economic turmoil that they have had to live through. So not only will this generation have to save more, they may not be getting the type of return that they should be getting with a more aggressive long term approach.
The first answer to this conundrum is pretty simple. Generation Y needs to save more money to be able to retire and maintain the lifestyle they lived while working. Then the question is how much more will they have to save? The issue now becomes more complicated. There needs to be an evaluation of how much needs to be saved with full Social Security benefits and with no Social Security benefits. At this time we are not sure of the future of Social Security so all the possibilities will have to be taken into consideration. There are also other ways to avoid some of the issues that Generation Y will have to face. One of those is when starting your career you calculate your total benefits and not be so focused on the salary. It is just as important to make sure there are retirement plan matches or pensions. This generation needs to invest using their heads, whether taking the time to look for companies that have strong track records in overcoming adversity or using the vast amount of technology and information that is at our fingertips.
Before there can be an in depth analysis of the amount that needs to be saved some assumptions need to be made. One assumption is the percentage of your income that you will receive when you retire that will let you live a similar lifestyle to the one you were living while you were working. There also needs to be an assumption on the average yearly income. An evaluation on the average life expectancy based on the year you were born to see how long you will need to support yourself once retired will also be beneficial. The average return on your retirement savings and the inflation rate will have to be forecasted also.
It is estimated that you need 70-80% of your pre-retirement income to live a similar lifestyle to the one you were able to live while working (MoneyCentral.MSN). If we look at the average median income in the past two years we arrive at $50,125 (Appendix B). If we take 70-80% of this average median we arrive at $35,088-$40,100. This is the annual amount of income that you would need to bring in if you wanted to live a similar lifestyle once retired. It is a monthly amount of $2,924-$3,342. The life expectancy is based on the year you were born (Appendix F). This is an important piece of information because you will need to have an estimate of the amount of years that you will have to support yourself once retired. This number is just an estimate as there are many other factors besides your age that will affect your life expectancy. The average annual return on retirement savings is estimated to be 9% (MSNmoney). To get an average inflation rate we can look at the past 50 years and take the average of those and that will be the expected inflation (Appendix A). We get an average inflation rate of 4.07%. This is what the actual savings will h
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