Early Retirement

Paper Summary:

The paper contends that retirement should be mandatory and it should take place between the ages of 55 and 57. The paper discusses the benefits involved, including opportunities for volunteer work, more freedom and lower healthcare expenses for employers. The paper notes the concern that without a sufficient pension, retirees will become a burden on the state. The paper concludes that an earlier retirement age should be the way companies work since they would save a lot of money. This would allow them to look after the newer generation and future of the country while retirees use their experiences to help others.

Outline:
Introduction
Benefits
Opposition
Conclusion

From the Paper:

"Society is always changing. It is not something that can ever be avoided, and in many ways this is a good thing. A society that is not willing to grow and change will simply stagnate instead of continuing to evolve into something that is even better than it was in the first place. Not all of society's changes are good or bad, however. Some changes are simply changes, and they must be accepted as such. One of these changes is the fact that the population of America is becoming older overall as people are living longer. Even though there are many people being born, there are large groups of baby boomers and others that are reaching retirement age. This has many implications for the future."

Sample of Sources Used:

• Block, S. (2002). Retiring at 55 has its benefits, drawbacks. USA Today. Retrieved from <http://www.usatoday.com/money/perfi/columnist/block/0018.htm>.
• Cochrane, J. (1997). "Where Is the Market Going? Uncertain Facts and Novel Theories." Economic Perspectives. 21(6): 3-37.
• Cummins, J. D. (1991). "Statistical and Financial Models of Insurance Pricing and the Insurance Firm." Journal of Risk and Insurance, 63: 261-302.
• Epstein, R.S., & Kelley, J.L. (1992, August). "Perspectives on leisure and aging." Aging Network News: 5-11.
• Georgia General Assembly. (2002). "SB 149 - Employees' retirement; law enforcement officers; increase benefits, reduce retirement age, prior ser" Retrieved from <http://www.legis. state.ga.us/legis/2001_02/sum/sb149.htm>.

More papers on Early Retirement:

• Analytical Essay # 8547 : " Early Retirement Incentives as Downsizing Strategy"
• Essay # 63213 : "Retirement Pensions"
• Analytical Essay # 57813 : "Financial Planning for Retirement"

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