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Retirement and Social Security
Retirement in the United States has in most people’s minds been associated with the idea of retirement and Social Security or retirement with Social Security. For an overall view of Social Security, visit their official website. For an additional view of social security see this site. Signed in 1935 by Franklin D. Rooseveltas part of the New Deal, the Social SecurityAct was intended to supplement senior citizens in their retirement and to provide disability and survivor’s benefits. The first 3 years of Social Security were lump sum payments to its recipients,and the total benefits paid in 1937 were $1,278,000. By 2004 those benefits had risen to $493,212,000,000; these figures are based on those given by the Social Security Administration. Retirement and social security in the 1930’s had a far different meaning than it does today when the consensus of most young and middle-aged Americans is that the system will be bankrupt before they retire. The “baby boomer” generation (the soon- to-be-retirees) acknowledges that they will probably receive their Social Security benefits or at least some of them, but the benefits will fall well below what they will need to retire comfortably. Additionally, there is a trend in the workplace that a retiree will not receive a pension from private industry, nor any of the health care benefits that retirees received in the past generation. The average American lives significantly longer than in 1935, and simply does not have the fund or resources to comfortably retire. So we now have to consider retirement and Social Security, and what else?Retirement and Social Security and what else? As the entitlement for Social Security benefits has been pushed into the late 60’sage group, with increasing inflationary costs, priorities of each citizen, and not enough money to retire comfortably, it has become necessary for Americans to reevaluate retirement and Society Security benefits. Most Americans desire to continue to be actively working in the marketplace to supplement their retirement. Most, however, at this point in their life, want to work at something that they really want to do, something that is challenging, intellectually stimulating, and financially rewarding. Some retirees will want to work part time in their profession, especially if they have enjoyed it through the years, or they may want to work as a consultant in that profession. Others may want to involve themselves with something entirely new, and be their own boss at the same time. Network marketing is an example of this type of involvement. The advantages of network marketing are many: 1) It allows one to choose among products and services that are of interest to them. 2) It allows one to work within his or her own timetable. 3) It can generate a great deal of residual income depending on one’s willingness to work hard. 4) One can work from home with little overhead, eliminating the hassle and expense of an outside workplace 5) It can be a source of meeting new friends on-line, and it can be a valuable experience to learn from the expertise of those who are established and respected, and financially independent gurus in network marketing.
We’ve explored some of the avenues and solutions to retirement and Social Security and what else? The “what else” of working meaningfully in retirement is based on individual needs and goals. Working meaningfully and productively with significant residual income will take a lot of the fear out of the restricted idea of retirement and Social Security as a combined concept.
| Ruth Ann Hall is a mother, grandmother, and nearing retirement age. She was raised on a farm in west central Illinois, but calls Chicago home. Her personal website: RookieMarketing.com is about her association with Ann Sieg Consulting and using the “consultative approach to marketing.” More information? Yes! Click Here. Her latest project, this website, is intended to provide information for those looking to make a good decision on working from home. |
