...[pic]Ageism: Future Planning After Retire In The Military INTRODUCTION Ageism What is ageism? Regarding to Wikipedia, Ageism, or age discrimination is stereotyping and discriminating against individuals or groups because of their age. Age discrimination refers to the actions taken to deny or limit opportunities to people on the basis of age. These are usually actions taken as a result of one’s ageist beliefs and attitudes. Ageism is a form of discrimination, which is based on someone's chronological age. Many people use this term specifically to refer to discrimination against older people, but ageism can strike people of all ages. Like other forms of discrimination, ageism can be extremely harmful, especially when it is viewed as culturally normal and acceptable. In some regions of the world, campaigns to fight ageism have been initiated in an attempt to educate people and stamp out ageism. Age discrimination occurs on both a personal and institutional level. On a personal level, an older person may be told that he or she is too old to engage in certain physical activities, like an informal game of basketball between friends and family. A younger person may be told they are too young to get a job or help move the dining room table. On an institutional level, there are policies and regulations in place that limit opportunities to people of certain ages and deny them to all others. The law, for instance, requires that all young persons must be at least 16...
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...should be able to articulate a clear topic title of your management project. Create an introduction to your topic by defining a problem/issue that is encompassed by your two readings. Using the Tentative Annotated bibliography and topic statement from week 3, expand your discussion of the connections of your topic to the required components for the project: Systems Theory Model, human diversity, some aspect of family or consumer resource management. After you have developed the connections, delineate the problem/issue by highlighting statistics and facts that make this an important problem or issue for which the class should be concerned/interested. You should go outside the two articles that you have read to find this information. An example might be citing such things as “1 of every 2 marriages ends in divorce” to focus attention on how frequently the marital system breaks down to introduce why you are focusing on how to make a marriage last. Note: this assignment is to total approximately 400 words. (Make sure to identify a source for your statistics/facts that is other than the two articles read.) Title: Parental Behaviors Effecting Children Introduction: From the time that a child is born to their adulthood, they are being influenced by their parents, from participation in physical activity to stress responses. Children respond to their parent’s influences because they model their behavior based on their parent’s behaviors. Children’s response to stress is often not...
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...Retirement Abstract Retirement is a great is one of the biggest developmental changes that life has to offer. It can affect you in many ways if you are not prepared. Although, it may have negative effects on a physical and psychological level, it also can have its benefits. It depends on how prepared you are, going in to this stage of life. In most cases, the economical status of an individual can be a major factor in being prepared for this event. As human beings, we are not able to depend on our own selves and that is where psychological stress may impair our vision of retirement should be. Now, I ask, why do we retire? Obviously, to enjoy what we have achieved from all the hard work that have had to endure. For some it may come easy; for others it becomes a difficult stage where independence becomes dependence and that is where anxiety and depression come in to play. In this paper, I will discuss the findings psychologists that have studied the effects of this life stage. First, let’s review the psychological perspective of retirement. As stated by Kenneth S. Shultz and Mo Wang, “Retirement is an interdisciplinary topic studied by researchers in psychology, sociology, social work, demography, economics, and organizational sciences…” Because of this, literature on retirement has grown a great deal and has research has taken many different forms. The basic...
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...FINAL 1. Financial Planning What are the three most valuable concepts you learned about the financial planning process? What actions will you take in your personal life based on what you have learned? Financial planning is a systematic process that considers the important Elements of an individual’s financial affairs in order to fulfill financial goals (Pg.5). The financial planning process involves six steps translating Personal financial goals into specific plans and strategies, and implements them and then uses budgets and financial statements to monitor and evaluate and revise plans and strategies as needed. The three most valuable concepts that I learned about the financial planning process include defining goals, creating a plan, implementing plan through action, and evaluation. They that time that it is impossible to an actively manage your Financial Resources without financial goals. Defining goals is Crucial after defining these goals you must formulate and develop plans and strategies in order to reach these goals. These plans goals strategies all need to remain realistic and attainable. It’s important to consider priorities and can raise them into long-term and short-term goals. Ann’s and strategies which to me is the most difficult because it requires control and monitoring. Spending money wisely and would be an example of implementing financial plans and strategies in order to reach financial goals. 2. Credit In what ways do you use credit...
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...Barry Cameron UIN # 00728497 FIN 317 Mon 4:20 SUCESSFUL RETIREMENT PLANNING THE DESIRE TO RETIRE Everybody looks forward to the day that they no longer have to fight traffic or deal with an unappreciative boss. A time when one can focus on more meaningful things in one’s life. Spending more time with family, traveling, hobbies, volunteer work, becoming more active in the community or church; or “do nothing” as forty percent of Americans plan to do upon retiring from the work force. Without the promise of retirement, many would find it very difficult to get out of bed and head to work each morning. “Retirement is a fairly recent phenomenon. At the beginning of the nineteenth century, few people retired, because they simply could not afford to do so. As white – collar jobs replaced a predominantly agricultural economy incomes rose and people had more money with which to retire” (Cullinane and Fitzgerald, 3). People began living longer and found that they had more leisure activities from which to choose from. In the United States, the invention of social security and company pensions greatly contributed to the ability of Americans to retire from the work force. RETIREMENT PLANNING Retirement Planning is an attempt to figure out how much money you need to save each month in order to have a comfortable retirement. It is an attempt because retirement planning requires you to try to predict the future. Nobody really knows what kind of return their...
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...Financial Management Kaplan University Prof. Denise Schoenherr 07/12/2016 I have learned that I am going to have to do some more research and see how I can put some more money towards retirement. From reading the News Release on the ssa website the year that the funds are projected to become depleted I will just become eligible for early retirement and five years later eligible for full retirement and then I would need to work another three years to be able to survive retirement if I am depending on what I paid in from the time that I started working. It will be eight years after the money is depleted that I would need the money that I have been paying in since I was sixteen, that looks like I will never see. So if the money that they are taking out of what I earned is not going to be there when I need it then why am I having the government put aside money for me that will not be there? I think they need to stop taking my money and let me put it into an account so that I can make sure that it will be there when I need it and not depend on the government to make sure that I get back what I have paid in because it looks to me like they are not going to be able to give me my money back. According to Mandell (2014) some retirees are fortunate to have sufficient regular income to meet their retirement needs. However, for most of us, only part of our needed income, most commonly Social Security, is protected against inflation. This will be the case if we have a defined benefit pension...
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...Social Security Planning Even though Social Security was designed to take care of us in our retirement years, a secondary retirement income to coincide with our social security is an extremely important consideration if not a necessity. One has to take many considerations that into account when deciding whether or not to plan a secondary income source to coincide with their retirement benefits. Tax rates, inflation, Cost of Living Index and even geographic location play an important role on the ability to live comfortably on social security in retirement. Other things that need to be taken into consideration are not only current economic criteria but future economics as well. Many analysts predict, using current data and future projections, that by the year 2044 the Social Security Administration will no longer have any funds, in which to disburse to retirees. When talking about retirement planning, one has to begin by being aware of and understanding economics and how these affect not only current, but future trends. Quite a bit of information is available at the Social Security Administration Official website – www.ssa.gov. From this site one has access to different financial calculators and other resource links, one of which is a very detailed downloadable retirement planning guide, entitled – Taking the Mystery out of Retirement Planning. This guide has been developed by the U.S. Department of Labor, Employee Benefits Security Administration and its partners. Another...
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...proofread and spell check before submitting your final draft. * I DO NOT GRADE ON QUANTITY BUT RATHER QUALITY OF WORK. Nevertheless; this is you FINAL PROJECT (worth 15% of your total class grade) and all points must be THOUROUGHLY addressed. * If you have questions, do not hesitate to ask me. Please use the following prompts as the headings for your financial plan: Part 1 – 10% -Overview: Review exhibit 1-1 in your textbook (page 5) and describe your life stage. In addition, review your financial goals. If necessary, refine and/or expand your goals so that they address key issues from your current age through post-retirement age. Please make sure that your goals meet the S.M.A.R.T goal-setting guidelines in your textbook. Specifically address areas where you perceive there may be tension between current goals and longer-term goals. For example, living in the...
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...Economics’ Approach to Financial Planning by Laurence J. Kotlikoff, Ph.D. |Executive Summary | |Economists long have shown that when it comes to consuming lifetime economic resources, households seek to neither splurge nor hoard, but | |rather to achieve a smooth living standard over time. Consumption smoothing not only underlies the economics approach to spending and | |saving, it is central to the field’s analysis of insurance decisions and portfolio choice. | |Smoothing a household's living standard requires using a sophisticated mathematical technique called dynamic programming to solve a number | |of difficult and interconnected problems. Advances in dynamic programming coupled with today's computers are permitting economists to move | |from describing financial problems to prescribing financial solutions. | |Conventional planning’s targeted liability approach has some surface similarities to consumption smoothing. But the method used to find | |retirement- and survivor-spending targets is virtually guaranteed to disrupt, rather than smooth, a household’s living standard as it ages.| |Moreover, even very small targeting mistakes will suffice to produce major consumption disruption for the simple reason that the wrong...
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...to change and it shows in their ability to stay at the top of their competitors. There are still areas for innovation and Ameriprise is a company that adapts and changes on a daily basis whether it is through updating software, advising clients on stock market changes, or adapting to always changing federal laws in the financial world. Current Innovative Capabilities Ameriprise Financial strives to be a supreme provider of retail financial services. The key is in the relationship advisors have with clients. It is centered on complete financial planning and advice. These relationships are developed and strengthened over many years. Ameriprise works with many generations of families because they appreciate the value and peace of mind Ameriprise offers over a lifetime. Their growth strategy is simple but also very powerful. This strategy is to serve more clients who are collecting capital and transitioning to retirement, deepen relationships with existing clients through complete advice and solutions, and further develop the advisor’s value proposition to continue to build a high dynamic and growing advisor team. This strategy is consistent and it shows in the results of years of effective execution and steady investment. Process Recommendation The process recommendation for Ameriprise Financial would be directed to the initial introduction to new clients, specifically female clients. Ameriprise financial gains a majority of their clients from...
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...Planning for Retirement Planning for retirement doesn’t usually cross the minds of young people who feel as if they have the rest of their life ahead of them. What they don’t realize is that life “happens” and then you realize you should have started planning for retirement many years ago. When you start planning for retirement at an early age, you are able to take advantage of investing and the power of compounding interest over the years, which will add up when you are ready to start using your retirement account. If you withdraw from your retirement account before age 59 ½ then you will be penalized by having at least 20 percent taxes taken out and you will be assessed a penalty fee when you file your taxes next year. Before you withdrawal any money from your retirement account, weigh the pros and cons and if it is for a major life event or because you want to purchase a midlife crisis toy. While one is planning for retirement, the best way to figure out what you will need when you retire is to conduct a financial analysis. You may want to start by looking to see what assets you possess. Assets are defined as cash, personal property, personal possessions and investments; cash in your checking and savings accounts, a house, car, television, etc. (Kapoor, Dlabay, & Hughes, 2010). When you retire, a house will probably be the most valuable asset you own. If you purchase a house in the early years, there is a possibility that you have only a few...
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...RETIREMENT Everyone may ask once in his lifetime, “What does one need to have a comfortable retirement?” When people are young, they think they have many years ahead before planning for retirement. People look forward to retiring, maybe moving to another state, going on vacation, or simply just enjoying the golden years. While Social Security was not intended to be a retirement plan, but rather a retirement supplement or safety net, many American retirees have relied heavily on this monthly benefit to sustain him. Many Americans were/are not fortunate enough to have worked for a company that provided an ample pension or any pension plan. The lower and middle classes in the United States, out of necessity, have survived in their post working years on Social Security. Even though that may not have been the intent of the program that is the hard reality. Middle class and upper class individuals have had the luxury of acquiring a little extra money to set aside or to invest for their retirement. Most Americans expect Social Security to provide for them in their retirement years. However, as many people know from reading, listening, or watching the news, Social Security is in financial distress. Congress is discussing changes that need to be made for Social Security to survive even as a reduced entitlement. Therefore, Social Security may no longer be relied on as sufficient for even the barest necessities of life. Therefore people should consider alternatives for future...
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...Retirement Planning: Plan for the Unexpected Many adults are optimistic about retirement, but many will be unsuccessful in preserving the lifestyle and standard of living to which they have become comfortable because they will neglect to plan and save. In fact, some people do not even attempt to calculate what their needs will be when they retire. In the past, Americans could count on Social Security, Medicare, and pension plans directed by their employer to help plan their retirement; however, today it is entirely different. The future of both the Social Security program and the Medicare program are uncertain, and to compound the problem, most employers no longer offer defined benefit plans. Some employers offer contribution plans, such as 401k plans; however, that means that people need to have self-discipline and exhibit regular patterns of investing to ensure a comfortable retirement. Citizens must be active and take responsibility for their own financial security. Not only do people have to calculate how much money they will need for ordinary living expenses, but they will also have to calculate how many years they will live in retirement. In addition, they need to recognize the impact that inflation will have on spending power and determine how much money they will need to cover medical and long-term care expenses if they arise. Although the Social Security program will play an important role in retirement, Americans must create a plan that covers every cost, including...
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...investments owned by the fund. The Reasons Investors Choose Mutual Funds | Mutual funds have grown in importance in Canada over the last twenty-five years. As of February 2008, there were 2,038 mutual funds with a total worth of nearly $679 billion – up from only $3.5 billion in 1981.The two major reasons investors choose mutual funds are: 1. Professional management - although there is no guarantee that the fund will outperform the market. 2. Diversification - by asset class (i.e. by holding a mix of stocks, bonds and money market investments) or within each asset class (i.e. by holding a variety of securities within each class). The risk of mutual funds arises from the risks associated with the investments they hold. * For example, a bond fund will be subject to interest rate risk – as interest rates rise, the value of the bonds owned by the fund will decline. | Mutual Funds With and Without Loads A load is a sales commission. In a load fund, the investor pays a commission every time he or she buys units (front-end load) or sells units (back-end load or contingent deferred sales charge). FRONT-END LOAD | * Typically between 3% and 5%, but declines with larger investments. * If an investor invests $1,000 and is charged a 5% front-end load, 5% x $1,000 = $50 will be taken off the top to pay sales commissions. Only $950 of the investor’s money will actually be invested. | BACK-END LOAD | *...
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...QUARTERLY NEWS AND TOOLS FROM TIAA-CREF | SPRING 2005 Three Steps To Improve Your Financial Planning Understand your savings and investment habits Create a winning budget Find the right retirement product for your needs What’s the future of Medicare? COMMENT BERT SCOTT Designing Products to Meet Your Financial Needs T hroughout our 87-year history, TIAA-CREF has been an innovator in the retirement investment field. We created the variable annuity, pioneered the use of real estate and foreign investing in pension plans and helped bring inflation-linked bonds to America. But stay tuned; there’s more to come. As the leader of TIAA-CREF’s Product Management area, I am proud to be part of the team that will be bringing you our newest products and services. At Product Management, TIAACREF’s “manufacturing” center, top-notch professionals develop new investment and insurance products and make sure those we already offer are still working for you. In a continually changing financial services marketplace, our mission remains simple: to provide the tools you need to help reach your financial goals. A large part of our work involves listening to you. This enables us to know what you need now, and what you may need down the road. So we begin the product design process by asking questions: What do you, our clients, want to accomplish? ■ How will those goals change over time? ■ What do you like about what’s currently available to you? ■ What do you need that we don’t offer...
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