Social Security :: essays research papers

Social SecurityThe purpose of this paper is to analyze social gage so as to destine the indorser what makes it beneficial to us today. .Throughout my life the words social and security have meant little more tome than the representation of a small lively loosen in my wallet, a consistent andincreasingly significant deduction of funds from my weekly cover-check, and avague academically-instilled recollection of the potential for long-term afterlife return. In fact, it was not until I researched pertinent material for thisparticular project that I truly learned how markedly beneficial social security allow be after my as heretoforetual retreat.Reflecting on precisely how ignorant I had been to the issue prior to myinvestigation, I realized a tragic irony which exists quite normally within oursociety today young people are not taught to save for retirement.I phone that many of my friends do not even think much of saving for theircollege graduation, let alone for their retirem ent. Eventually, however, mostof us will pip a point in our lives where work shall come to an end, yet the globe of living expenses will not. Social security, many of us find outwill provide us with a monthly check at this point. What we do not realize,however, is that this amount is not intended to be used as our sole source ofincome.Unfortunately, the tragic irony is that many of us reach retirement andrealize too late how impossible it would be to live by no other means exceptsocial security. The reality is, that the program is besides one benefit, oneaddition, and one fiscal supplement. Its intent is to be combined with othersavings, IRAs, retirement funds and the like. Many senior citizens retire not richly realizing this and consequently, they are forced to seek part-timeemployment to supplement their income. This defeats the purpose of retirementall together. Since people often expect social security to pay for all or mostof their living expenses, the disappointment that c omes with retirement leadsthem to maintain negative feelings against the social security program which isactually at no displacement whatsoever.Once you have reached your retirement age you must notify your employer andthe government agency responsible for paying you benifits. This is the SocialSecurity Administration. Arrangements must be make to carry private healthinsurance over into retirement, and applications must be filed for governmenthealth coverage. While social security is of great financial benefit toretirees, it must not be mistaken as a financial entity on which people can livewithout any other sources of income or savings.Social Security essays research papers Social SecurityThe purpose of this paper is to analyze social security so as to show thereader what makes it beneficial to us today. .Throughout my life the words social and security have meant little more tome than the representation of a small blue card in my wallet, a consistent andincreasingly significan t deduction of funds from my weekly pay-check, and avague academically-instilled recollection of the potential for long-term futurebenefit. In fact, it was not until I researched pertinent material for thisparticular project that I truly learned how markedly beneficial social securitywill be after my eventual retirement.Reflecting on precisely how ignorant I had been to the issue prior to myinvestigation, I realized a tragic irony which exists quite commonly within oursociety today young people are not taught to save for retirement.I think that many of my friends do not even think much of saving for theircollege graduation, let alone for their retirement. Eventually, however, mostof us will reach a point in our lives where work shall come to an end, yet theexistence of living expenses will not. Social security, many of us find outwill provide us with a monthly check at this point. What we do not realize,however, is that this amount is not intended to be used as our sole source ofinc ome.Unfortunately, the tragic irony is that many of us reach retirement andrealize too late how impossible it would be to live by no other means exceptsocial security. The reality is, that the program is but one benefit, oneaddition, and one financial supplement. Its intent is to be combined with othersavings, IRAs, retirement funds and the like. Many senior citizens retire notfully realizing this and consequently, they are forced to seek part-timeemployment to supplement their income. This defeats the purpose of retirementall together. Since people often expect social security to pay for all or mostof their living expenses, the disappointment that comes with retirement leadsthem to maintain negative feelings against the social security program which isactually at no fault whatsoever.Once you have reached your retirement age you must notify your employer andthe government agency responsible for paying you benifits. This is the SocialSecurity Administration. Arrangements must be made to carry private healthinsurance over into retirement, and applications must be filed for governmenthealth coverage. While social security is of great financial benefit toretirees, it must not be mistaken as a financial entity on which people can livewithout any other sources of income or savings.