Individual Retirement Account

into a Roth IRA (so taxes are not a necessary consideration upon withdrawal); and I need to find the optimal way to build an investment portfolio in order to achieve my goal of retirement. My job’s income is slightly above average at $80,000 per year, and is not completely used to sustain my day-to-day living until retirement, so extra savings will be an accommodation. I am only allowed to contribute $5,500 a year to the Roth IRA, but that will compound with the money that is already invested…

Approximately 158 million Americans pay social security taxes. On the other hand, 57 million collect benefits on a monthly basis. In actuality, as you work and pay social security taxes into the program, this can be considered a form of savings for your retirement. Depending on what age you retire will affect how much you will collect…

This paper examines the growing elderly population and determines the issues, obstacles, and concerns they face on a daily basis. The literature sheds light on the many issues elderly face such as; psychosocial, psychological, physical, emotional, family-related, economic, housing, legal, and provided social services. A description of the services and resources of five programs in Connecticut are included along with an in depth program evaluation and recommendations. The paper concludes the…

population in the next thirty years at the point of elderly care. It offers two solution and these are then evaluated. Problem Since the average age of population climbed, the situation surround the age 60 and over has been changing. For instance, the retirement age was phased out from UK in 2011 (Department for Business, Innovation and Skills, 2010), although it is estimated that two years after past their…

Australia is a thriving nation continually growing and ageing. According to The Treasury, 2007, the ageing of the population is the direct consequence of sustained low fertility rate whereas, an increased life expectancy at birth. Migration will mitigate these influences, as generally, the majority of migrants are younger than Australia’s resident population. However, according to the 2015 Intergenerational Report, the male life expectancy is projected to increase from 91.5 years to 95.1 years…

normal retirement age, these hardworking members of society can still retire early and live out their lives peacefully through the early retirement program. Economic policy expert David C. John demonstrates the benefits of keeping the early retirement age the same when he describes how “the proportion of men claiming benefits at 62 stabilized” (David C. John), and the proportion of women claiming early benefits dropped. As a result of the stabilization and even decrease in early retirement…

Everyone at some point grows old, however, how the elderly are treated and viewed in a society greatly varies depending on culture. Consequently, the way the elderly are cared for can be vastly different depending on the society in which they live. In some cultures, such as China, aging is celebrated, and the elderly are respected and cared for by family. While, in the United States, elders can be respected, but are often put into nursing homes, and are not cared for by their family. In The…

At one point or another in our lives, almost everyone will begin to question the purpose of our lives, on whether it has a meaning. Some of us manage to string together a meaning through accomplishments, but as we get older the thought of death begins to creep into our mind. The thought of dying one day makes us question whether our accomplishments will mean anything at all. The same troubled Lev Tolstoy, a Russian novelist. In his late middle age, Tolstoy began to question the meaning of his…

1. Sit and be Fit. There's a program called "Sit and be Fit" for elderly people who need to exercise. It's a session of exercise that's completed entirely while sitting down. I've taken that idea and turned it into my Couch Potato Sit to be Fit. We have a pair hand weight load by our recliner, buying enough I'm watching television or the movie, I'll often grab the actual hand pounds and carry out some exercise. Once people start, you'd end up being amazed at how creative you will get in finding…

Identification is the establishment of a person's individuality and estimation of age is one of its crucial criteria. Forensic age estimation in living or dead individuals is an important and difficult task. Finding an accurate and dependable method to determine age, especially in adults, has become increasingly important (Cameriere et al., 2004; Saxena, 2011; Acharya and Sivapathasundharam, 2012). Teeth were found to be the most durable and least body parts affected by post-mortem changes.…