Essay On Personal Plan For Aging

The journey through late adulthood can be experienced in different ways. One particular movie entitled “The Bucket List” exhibits an astounding portrayal of late adulthood. In fact, there are many accounts that the movie entails about late-adulthood. This includes the illustration of Erickson’s late adulthood stage – “Ego Integrity vs. Despair,” wisdom, marriage, friendship, parent-child relationship, and death and dying in late adulthood.

The age markers are slowly changing and so is the concept of retirement. The modern aged community is unwilling to declare themselves as retired. One of the respondents made a statement that he wishes to work as long as he could do. A self declared retirement will make one detached from activities thus speeding up the ageing process. An earlier retirement will most probably make the individual feel old soon and this emotional drift will have a dramatic influence on his physical as well as mental and emotional health as well.

The data above is research collected at Boston College by Social Security Administration. Retirement is something we all have to consider at least once in our life. I thought this would be an interesting article for older adults and younger adults. You can begin getting Social Security retirement advantages at age 62. The graph above, half of all females (48%) and more than two in five males (42%) petition for Social Security benefits when they're age 62. An extra 8% of females and 7% of males claim benefits at age 63, and another 8% of females and 7% of males do likewise at age 64. Put in another unique situation, for all intents and purposes 66% of females (64%) and well over portion of males (56%) petition for advantages before they come

For instance, what is your life expectancy? If longevity runs short in your family, why wait? Do you have other retirement income sources, like a 401(k) or IRA, to support yourself in the interim? And how will waiting impact you if you try other, more complex claiming strategies? Most financial advisers are well versed in these areas.

In this course I have learned many different theories, the ones that I think are most relevant to my life (autobiography) include; Sigmund Freud, Erik Erikson, Daniel Levinson and Roger Gould.

One of the biggest problems facing Social Security today is a demographic shift. Between the years 2010 and 2030, over 70 million baby boomers will enter retirement. Resulting in fewer workers and less payroll tax revenue to support the growing number of beneficiary payments heading out. Raising life expectancies is another demographic shift for the program. The result: the longer the life expectancy, the longer they have the ability to draw Social Security payments. In 2010, the life expectancy was 78.8 years, compared to the age of 70 in the mid-1960s. This factor can be attributed to the incline of better health education, growing access to medical care, and improved pharmaceutical options.

The concept of the “graying of America” is becoming a more pressing issue as the baby boomer population is coming of age to retire. Between years 2000 to 2010, the number of Americans aged 65 and older increased a staggering 15.1 percent (35 million to 40.3 million) (Karger 2014, pg. 202). Demographics suggest that by 2050, the number of this age group will increase to 88.5 million (Karger 2014, pg. 22). Not only is this population growing, but people are living longer. The larger issue is having enough money to provide people benefits to sustain a decent quality of life.

Whether I likes it or not I am going to get old. After reading about aging I never thought I would be pre-prepping my future. It is like as I image my life I am imagining how I want it set up. I do not want to find no mistakes in my life even though I will encounter some but at the same time I do not want none at all. Think about all the scary things that comes with getting old and then I think to myself why can’t I stay the age I am now. I don’t want to do this in life, can I skip this age or can I go back to thing age. I am just not ready for what happens when I turn a different year ever year.

Mentally, retirement can prove extremely dangerous. Without clear goals, objectives, and responsibilities to focus on,

The life course is the process of aging along with personal development and changes from infancy to old age. Social scientists prefer to use the term life course, versus life cycle, because the word course indicates that individuals may not follow the same developmental path. The life course involves all parts of life and the changes that occur between them. It examines relationships, chronological age, transitions, life events, ect. Life transitions occur when and individual's role or status changes and they begin to fulfill their new expectations. Life events are significant experiences that cause change in one's life. These things include marriages, pregnancies, and deathes of loved ones.

For many average Americans, retirement is a distressing aspect of their lives as they age. Fewer than half of Americans have calculated how much they need to save for retirement. After working for a lifetime, retirees want to know that their golden years will be just that - golden, and spending some of those years in a sub-par nursing home is sure to make the experience much more difficult to enjoy. Planning for retirement can be confusing and overwhelming at times. This is why it is vital to talk about what the potential needs are and what the costs of living out the rest of their lives might be. For an older couple age 62 and 64 it is a perfect time to have this conversation seeing as the retirement age in the United States is 67. Although the thought is overwhelming, there are many ways to prepare for retirement.

The decision to retire, and at what age is not one to be taken lightly. Each individual has to make this decision based on a number of factors. In an article, Martin, R, Beach, S (2012) reported that retirement is a decision that the so-called, “baby boomer,” will have to make soon. The baby boomers are those individuals that were born during the years 1946 and 1964, and would reach age 62 by 2008. They reminded us that this is the stage that this group can become eligible for Social Security retirement benefits. In the paper, the authors felt that the main consideration for retirement is whether one can afford to maintain a reasonable standard of living and the best quality of life for the retirement period. In making, this decision one must bear in mind that people are now living longer than before. Because people are living longer, they must have the income needed to live during this retirement period.

When it is your time to retire, the main question you should ask yourself is whether you will have the ability to sustain. Many of the researches over the past few years show that most individuals are unable to show financial readiness for their retirement years. This clearly indicates that saving for retirement is a really challenging process that needs planning and follow-through. Here are some helpful tips that should aid you on your way for a coin comfortable retirement;

Retirement is supposed to be an enjoyable experience. Most seniors hope that their lifestyles will continue in the same fashion as it is at the time of retirement. Retirement is anticipated as a time of more leisure, a time for slowing down from the daily rat-race and enjoying life. Many retirees hope to take advantage of the opportunity to embrace a simpler lifestyle and experience less stress. Unfortunately, for many, this turns out to not be the case.

Feldman & Beehr (2011) presented a 3 stage model for how individuals decide to retire. This combines and organizes a number of theories into categories about future anticipation of retirement, letting go of past work for retirement, and focusing on the present of retirement. Research indicates each stage has been tested and validated. However, this article examines a wide range of studies and theories in order to develop an overarching model.