Speech: Saving for Retirement
General Purpose: To persuade
Specific Purpose: To persuade the audience to start saving for their retirement
Central Idea: Starting early to save for retirement has many benefits over Social Security
Introduction:
I. (Attention Getter) Only 2 people out of the 19 responses I got from the survey have started saving for their retirement.
A. This is understandable because most of us
probably think that retirement is something
that is eons away.
B. Because we are college students, our school
schedule only allows us to work part time.
C. Between the 2 people that has started saving
for their retirement, one person currently
works full time. And this person also is
participating in their employer's profit sharing
program or 401K plan. And this person
also owns stocks. This person already has a
good start.
II. (Credibility Statement) I myself have started saving for my retirement by starting an IRA.
III. (Reveal Topic) You simply cannot rely on Social Security to support you in your "Golden Years". You can never start too early to save for your retirement. In fact, the earlier, the better.
IV. (Preview) Today I will discuss Social Security and why the current system is not working, ways that you can start saving for your retirement, and the benefits of saving for your retirement instead of relying on Social Security.
(Transition: So let me start by discussing Social Security and why it is does not work)
Body:
I. Need Step
A. First I will explain what Social Security is.
1. Social Security is a Federal program ...
... middle of paper ...
...the bigger it will get.
C. With the earnings you make, you will
be able to pay for your child's education.
You can even start saving now to pay
for a future child.
(Transition: So, compared to Social Security, putting your money in stocks and other investments for retirement is the much better deal.)
Conclusion:
I. Action Step
A. Today I have talked about Social
Security and its problems, other ways
of investing your money for
retirement, and the benefits of
investing your money early for
retirement.
B. Whenever your retirement will be,
starting to save now for your
retirement will have big
benefits in the long run.
C. Don't start next year,
don't start next month,
start now.
We are all putting money into a pot, and some of us aren’t using the money or the resources that we end up helping out. There are a lot of programs that are out there to help support lower waged workers or people that can’t find jobs. Some of these programs are food stamps, medicare, and lower income housing. Everyone helps pay for these things, but there are only a certain amount of people that can use them. If you make a certain amount of money and it is too high, then you don’t qualify for them, even though maybe it isn’t high enough to live comfortably. Retirement may not come as easy for the younger generation because of the fact that people are using the social security, and we may not have the amount that we need when we retire. How our society is set up, you almost get more taken away the harder you work, and for the ones that don’t make as much, get all of the
The push for Congress to pass legislation protecting the rights of employees and their retirement was inevitable. Retirement plans are extremely important for all working individuals. Having funds to keep or exceed ones current standard of living and to enjoy one’s life beyond expectations after retire...
You might be tempted to dip into your retirement fund for a major purchase, find the will to resist. You’ll pay extra fees and taxes, and you are robbing your future self. If you leave it alone, your money will continue to grow year after year. Your gains can be reinvested and you’ll earn more than you would have with just a small chunk of
Throughout the 20th century governmental responsibility has made remarkable progress. One major milestone of the widening of the responsibility of the federal government was it’s making an obligation to care for the elderly and retired in the form of social security. In 1935, the Social Security Act was enacted by the federal government to provide financial security to the elderly, retired citizens in America. Although the federal government first took on this responsibility in 1935, it is still affecting our lives today. However, social security would not have advanced this far without many organizations and individual reformers to begin and improve social security throughout history.
Social Security is a system that was set up in 1935 after the Great depression to help people get through tough times. "Social Security is now used by nearly 44 million Americans"(policy.com). Only people who payed into social security are eligible to collect when they retire. Many people think that they receive the money they pay in but that is not total true. The money that you pay in is used for the people that are receiving it now. "In 1950 there were 16 workers for every beneficiary; today there are only three workers per beneficiary"(policy.com). There is more money going into social security then coming out now. The extra money goes into a trust to be used when it is needed. By the year 2032 those numbers are going to drop. By this time most baby boomers will be retired and collecting social security. This will put a big strain on the funds. There will be more money going out then coming in. And it will not take long to use all the money that is in the trust. By the year 2034 they will only be able to pay 75 percent of the beneficiaries. "The projected average monthly Social Security benefit in 2032 of about 1,100 (in 1998 dollars) would fall to about $800, and would drop further in later years. Average benefits for low-wage earners would drop from $670 to $480"(www.ssab). Theses cut would effect the people just starting to receive benefits and those who are already receiving benefits. And with each year these benefits will decrease. As these benefits continue to decrease "the percentage of aged people living in poverty would rise"(www.ssab).Most people believe this is happening because of the baby boomers generation. There will be more people taking from social security then giving in. By the time my generation is eliable to receive social security there may not be any money to give.
This summation of the state of Social Security was written more than a twenty years ago. Looking back, it seems as though the Social Security system frequently reaches a state of crisis in which predictions of its end arise. Since it was enacted in 1935, Social Security has been amended often, most recently in 1983, when Congress imposed a tax on the benefits of high-income retirees, raised the retirement age, and revised the tax-rate schedule.
"Social Security Should Be Run by the Government" by Institute for America's Future.Capitalism. Noël Merino, Ed. Current Controversies Series. Greenhaven Press, 2010. Institute for America's Future, The Perils of Privatization: Social Security Privatization Cuts Lifetime Benefits; Makes Senior Citizens Vulnerable to Poverty: The Impact in the United States. Washington, D.C.: Institute for America's Future, 2008. Reproduced by permission. .
Most everyone in the world knows about America; "Land of the Free and Home of the Brave," a nation of free men and women doing whatever they wish, pretty much a place to make life as you desire it to be. But there is actually much debate on if this nation of liberty & freedom is truly the pinacle of the global nations. Nations are overall rated by four main areas; military strength to both attack threats and defend the nation, healthcare to ensure the wellbeing of the nation 's people, unemployment rate monitoring the ability to make a financial living, and education to see how the nation is in intelligence and technology. More so, America has a concept known as the "American Dream", an idea of what one can do by becoming a citizen of the first
Welfare has been a safety net for many Americans, when the alternative for them is going without food and shelter. Over the years, the government has provided income for the unemployed, food assistance for the hungry, and health care for the poor. The federal government in the nineteenth century started to provide minimal benefits for the poor. During the twentieth century the United States federal government established a more substantial welfare system to help Americans when they most needed it. In 1996, welfare reform occurred under President Bill Clinton and it significantly changed the structure of welfare. Social Security has gone through significant change from FDR’s signing of the program into law to President George W. Bush’s proposal of privatized accounts.
Social security, the federal retirement system, is one of the most popular government programs in United State?s history. Today, Social Security benefits are the backbone of the nation's retirement income system. The long road to the successful development of social security began in 1935. Before 1935, very few workers received job pensions. Those workers that were covered never received benefits because they were not guaranteed.
Social security, since instituted in 1935, has kept many elderly people from running below the poverty line (Hosansky). In 2015, the Social Security Administration predicted that the funds would be depleted by 2034 (Max). This poses a serious threat to the living situation of future generations when they retire. Our elderly, by today’s standards, enjoy a comfortable lifestyle. They are able to retire and still make over one thousand dollars a month. Some people also have private pensions which allow them to live even more comfortably. But with social security funds running out, we must ask the inevitable question. Is it worth having social security anymore? Social security should be kept. One must never fully rely on social security. In addition
Many Americans depend on Social Security benefits--from retirees, disabled workers, and dependents. Furthermore, numerous retirees have not saved enough money for retirement through other sources, so they count on Social Security as their basic source of income during their later years. Recently, the number of persons receiving Social Security has increased dramatically. This is largely due to the increasing number of persons in the baby boomer generation retiring and also people living many more years past retirement age. This increase in beneficiaries has initiated concerns and questions about the future of Social Security for persons still working. Recent studies have shown that in its current trend, the surplus of funds for Social Security will be depleted in the near future as the increase of payments will begin to exhaust the fund’s resources. To that end, reform of some kind is needed to help sustain this benefit for future generations to come (Social Security Administration, 2014).
...s for generations to come, which in essence, needs to start now. Using a conservative economic projection should be one of the steps taken for the growth of future social security. We all know there are no free rides in life; someone is always taking the bill, much less in social security. Any of the changes discussed in this report would impose a real alteration in the level of benefits, taxation and risks. Ultimately, we need to look forward with complete understanding and full acceptance of changes, while keeping faith in a system, which has served us so well.
Good morning ladies and gentlemen, today I am here to talk to you about a quote that Punch Imlach once said, he said that “a ship in harbour is safe, but that is not what ships are built for.” I think he is trying to say that one should not live their life in fear and that humans in general need to take more risks.
Many people believe that leadership is simply being the first, biggest or most powerful. Leadership in organizations has a different and more meaningful definition. A leader is someone who sets direction in an effort or task and influences or motivates people to follow that direction. The power point presentation explains leadership is the influence that particular individuals exert on the goal achievement of others in an organizational context.