The Purpose Of This Paper Is To Analyze Social Security So As
The purpose of this paper is to analyze social security so as
to show the reader what makes it beneficial to us today. .
Throughout my life the words social and security have meant
little more to me than the representation of a small blue card in my wallet,
a consistent and increasingly significant deduction of funds from my weekly
pay-check, and a vague academically-instilled recollection of the potential
for long-term future benefit. In fact, it was not until I researched
pertinent material for this particular project that I truly learned how
markedly beneficial social security will be after my eventual retirement.
Reflecting on precisely how ignorant I had been to the issue prior to my
investigation, I realized a tragic irony which exists quite commonly within
our society today; young people are not taught to save for retirement.
I think that many of my friends do not even think much of saving for
their college graduation, let alone for their retirement. Eventually,
however, most of us will reach a point in our lives where work shall come to
an end, yet the existence of living expenses will not. Social security, many
of us find out; will provide us with a monthly check at this point. What we
do not realize, however, is that this amount is not intended to be used as
our sole source of income.
Unfortunately, the tragic irony is that many of us reach retirement and
realize too late how impossible it would be to live by no other means except
social security. The reality is, that the program is but one benefit, one
addition, and one financial supplement. Its intent is to be combined with
other savings, IRA's, retirement funds and the like. Many senior citizens
retire not fully realizing this and consequently, they are forced to seek
part-time employment to supplement their income. This defeats the purpose of retirement
all together. Since people often expect social security to pay for all or most
of their living expenses, the disappointment that comes with
retirement leads them to maintain negative feelings against the social
security program which is actually at no fault whatsoever.
Once you have reached your retirement age you must notify your employer and the
government agency responsible for paying you benifits. This is the
Social Security Administration. Arrangements must be made to carry private
health insurance over into retirement, and applications must be filed for
government health coverage. While
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