Essays on Retiree

Ageing of the general population including a greater proportion of the labor force is a global phenomenon (Kulik et al. 930). Due to the magnitude of the phenomenon, employers as well as the employees should be concerned with matters retirement. This is despite the fact that there has been a notable improvement of life expectancy both at birth and at the age of sixty years. However, this observation may differ worldwide with regard to development. Along with the ageing phenomenon, the retirement of the “baby boom generation” has affected the global labor market. Therefore, the significant increase in longevity ...

The paper deals with comparing and contrasting health care reform data for the two states of Minnesota and Arkansas.

Lack of Health Insurance According to the last data recorded, Minnesota had 7 percent of its total population without any private health insurance, neither their employer nor the government has it for them (State Public Health Statistics, 2016). This percentage has decreased only by 0.9% in last one decade. For Arkansas, it is the state that ranks 35 when it comes to having health insurance for the state’s population. 13.9% Arkansas population lacks health insurance, privately, through the government or the employer (State Public Health Statistics, 2016). Lacking health insurance privately put people in having difficulties accessing the ...

Planned retirement age

I plan to retire at the age of 60 years. It is my hope that I shall have accumulated adequate resources to finance my post-retirement expenses. I also believe that I shall have done everything I have wished for in my career.

Retirement money

I will need about $641,000 for my retirement. This determination is based on my current and the expected salary as well as salary increases. The retirement fund requirement is also based on my current and expected expenditure. It also takes into consideration annual savings for retirement. I anticipate that my annual retirement expenditure will be about $ ...

Q. 1. Why have private pension plans grown so rapidly since the 1940s?

Although the formal introduction of private pension was made a hundred years ago, it is only in 1940 that the private pension industry has emerged as a major social and economic driving factor in the economy. The early pension plans were initiated by large companies between 1900s to 1940 and some of them were implemented through the help of labor unions. However, most of the companies are not in favor of idea, thus making private pension discretionary and, therefore, unfunded and noncontributory. The growth of the industry have doubled covering four million people paying 100% of the premium. The government realized ...

Mental Health in Late Adulthood

Introduction

Good mental health is fundamental to an individual, their family and society. In Australia, mental health issues and mental illnesses among adults aged 55 years and above have been one of the greatest causes of diminished productivity, deteriorated quality of lives and disability. People with mental health issues are associated with higher rates of mortality and morbidity. Death of these people arises from a wide range of causes, including suicide. Inadequate mental health for the people in their late adulthood causes a burden on the family of the victim, friends and other stakeholders of the society (Scheurer, 2006). In modern ...