Pension

Despite the fact that the divorce rate nationwide is at its lowest level recently, baby boomers are divorcing at a rate that is disturbing. For couples over 50 years old, the divorce rate has increased 2 fold over the last 2 decades, according to recent studies. This phenomenon is referred to as “gray divorce.” Couples involved in a gray divorce have just as much to worry about as younger couples and sometimes even more. It is a very big subject but we will focus on a few things that you might…

final compensation is roughly $60,000, I will be eligible for $2,293 a month in retirement benefits (North Carolina Department of State Treasurer 2017). Although this is just an example, I would feel secure with that amount along with my husband’s pension. This position would allow me to establish a secure future. Two Skills or Abilities or Personal Traits That I Have In the prior section I presented two life values that are of importance to me. In this new section I will identify two personal…

Step 3: I am not going to include Social Security in my analysis because by the time I will retire I do not believe that Social Security will still exist. Therefore, my answer for Step 3 is 0. Step 4: The job I currently have does not offer a DB pension; therefore, my answer for Step 4 is 0. Step 5: I have a Traditional IRA, it is currently worth $11,935.35. My IRA is invested…

degree to even be qualified for the job. One of the reasons I want to work for State Farm is because I love helping people. But, I really want to work for State Farm because of the retirement plan. According to State Farm website “A defined benefit pension plan provides eligible employees a financial benefit at retirement, based on years of plan participation and compensation. State Farm pays the full cost of this plan.” As a State Farm worker when you retire your retirement is the salary you…

Submit your answers in hardcopy at the beginning of class. Check the syllabus for the due date. Handwritten answers are NOT acceptable. Use Word to write your answers. Chapter 5: Planning 1. There are two basic types of retirement plans available: 1) defined benefit plans, and 2) defined contribution plans. Briefly describe the two types of plans; include at least three features of each. (Not defined in book, look elsewhere) a. Defined benefit plans: b. Defined…

The Broken Dream Now and days people dream of achieving their American Dream some emigrants come to america for a chance at the American Dream. for people the american dream is being financially stable to be able to buy a house and having a family. Being able to but your kids into good schools and being able to retire from work with no worries. But the American Dream has lately been very impossible to achieve because people are not financially stable. The American Dream has slowly started…

Shifting the Burden During the 1950s and 60s, the biggest growth period in American economic history, the rich and the poor alike got wealthy, giving life to the American Dream in. There was as much growth in the top five percent, as there was in the bottom five percent. Welfare state measures were implemented which improved life for much of the population This made it possible for a black worker to get a decent job, buy a home, get a car, and have his children go to school. Large corporations…

As the babyboomers prepare to retire, the amount of social security is slowly decreasing for the younger generation. Now, younger generations can not rely on social security alone to cover them after retiring. As more information for retirement plans are made available, I realized that investing in a plan now while I am young will better prepare me for my future. Through various resources, like financial planning books and articles, I created a investment plan that fits my lifestyle and will…

You decided to go to QUEUC this year, that was step one in a decision that you will never regret. Step two however, is a little more time consuming and frustrating, figuring out how to fund your trip to Lennoxville to experience the conference. There are obviously fees that go along with the QUEUC including the trip, the stay, and the conference itself. Here are my tips on figuring out how to fund the trip. When you find out you have been chosen to present at QUEUC, or even if you are just…

More than 38 million households have not saved any money for retirement, according to the National Institute on Retirement Security. The good news is with some planning and diligent follow-through, many Americans can start now to get ready for their golden years. The investment team at River Bank in La Crosse, WI specializes in helping its clients develop realistic plans designed to fit their unique retirement goals. One disadvantage of putting off saving for retirement is government programs…