Benefits of early retirement benefits of early retirement early retirement is not such a bad idea, but only if itõs affordable today, people who begin this process feel confident that they can live out the rest of their lives comfortably still being young enough to enjoy what is earned is another good reason why someone might want to advance into retirement. The pros and (mostly) cons of early retirement by greg if you were born in 1960 or later, for example, and you start taking benefits at age 62,. Early retirement reduces benefits in the case of early retirement , a benefit is reduced 5/9 of one percent for each month before normal retirement age, up to 36 months if the number of months exceeds 36, then the benefit is further reduced 5/12 of one percent per month. Offering retirement benefits is a great way to enhance the benefits piece of your compensation package employees are encouraged to save for retirement through plans set-up at work because it's easy to do.
Rosenkoetter & garris (2001), state that in a study carried out in 1989, retirement planning was the second strongest predictor of satisfaction amongst male respondents, and in another study in 1997 it was found that retirement planning correlated with positive attitudes towards retirement. Essay benefits of early retirement early retirement is not such a bad idea, but only if itõs affordable today, people who begin this process feel confident that they can live out the rest of their lives comfortably. However, others are offered attractive retirement packages or have saved for retirement i personally believe that the decision of whether or not to retire early, one has to consider it carefully, and planning for an early retirement is a must an analysis of data gathered in the 2007 general social survey found that 22% of near retirees planned to retire before they hit 60 and 25% before their 65 birthdays.
Specific purpose: my specific purpose is to persuade the audience to start saving for their retirement instead of simply relying on social security thematic statement: starting to save for retirement early has many benefits over social security introduction of speech i. One of the main disadvantages of early retirement is lower benefits in your ira, social security and pension plans this means that your monthly fixed income is much less than if you were to retire at the actual retirement age. Outline thesis: when planning for retirement, individual retirement accounts offer several benefits however, careful planning is essential to ensure that: upon retirement there is an adequate amount of money saved, that the heirs to the ira are chosen carefully, and that unnecessary taxes and penalties are avoided.
The advantages and disadvantages of early retirement may 27, 2016 leave a comment personal finance , plan , prosper by council for disability awareness it would be understandable if some people's definition of the american dream included early retirement. Early retirement can lead to exciting new interests and surprising second careers by david ning , contributor by david ning , contributor aug 26, 2015, at 10:20 am. Benefits of early retirement essays: over 180,000 benefits of early retirement essays, benefits of early retirement term papers, benefits of early retirement research paper, book reports 184 990 essays, term and research papers available for unlimited access. With this specific analysis on early retirement are others who are stating the concepts for financial independence and the trends that are pushing individuals into the concept of early retirement, working after retirement and the ages in which the shift in work is occurring.
Why do people retire early for some, early retirement is not an option: poor-health or workplace downsizing can force people out of the workforce people who are in poor health, stressed, or burned out also opt for early retirement however, others are offered attractive retirement packages or have saved for retirement. Early retirement affords you the time to strengthen your relationships with friends and family, or to work on your personal passions if you've always wanted to start a blog, build a house or learn a foreign language, now you'll have plenty of time to cultivate those pursuits.
The trick to retirement is making the savings and investment part of that formula last as long as you do traditionally, experts have advised you to invest your savings in stocks and bonds, with the ratio of stocks to bonds gradually decreasing as you get older. Free essays available online are good but they will not follow the guidelines of your particular writing assignment if you need a custom term paper on argumentative essays: benefits of early retirement, you can hire a professional writer here to write you a high quality authentic essay.