As people grow old, they are seeking more financial attention, while it is possible that at their young age, they must plan for their retirement however it is the fundamental responsibility of the government to take care of their senior citizens financially. This essay will discuss why eventually the responsibility lies with the government.
Retirement plans are considered to be significant for the individual. At the young age a person does care about their saving for rainy days, instead they tend to spend on every single glitter available in the market, without realising the consequences after the retirement because they felt that they must be pleased themselves now and stop planning about the future, for example, a recent study by the EIA brokerage firm, suggested that people with life bracket between 25 years to 30 years, it is necessary for them to consider pullout strategy. Overall, an individual compels himself to contemplate their arrangement at the early age to avoid burdensome to others at their departure.
Conversely, It is the foremost responsibility of the regime to arrange better fund strategy for retirees, as they would not be competent enough to work after 60 years of age because of their health and mental capacity does not allow them to do so, additionally they contribute through hefty taxes to country development, For instance, In Australia, a person have to submit 9. 5% of their wages to superannuation fund which eventually pay them back after their evacuation. Personal saving will never be able to achieve what has been taken by authorities over hundred of years to achieve.
In conclusion, the state retirement plan will eventually supersede entirely the individual saving methods, however the regime must designed appropriate system and follow them up for their implementation. Ultimately, in the current scenario the government is responsible for their retirement.
As
people
grow
old
, they are seeking more financial attention, while it is possible that at their young
age
, they
must
plan for their
retirement
however
it is the fundamental responsibility of the
government
to take care of their senior citizens
financially
. This essay will discuss why
eventually
the responsibility lies with the
government
.
Retirement plans
are considered
to be significant for the individual. At the young
age
a person does care about their saving for rainy days,
instead
they tend to spend on every single glitter available in the market, without
realising
the
consequences after
the
retirement
because
they felt that they
must
be
pleased
themselves
now
and
stop
planning about the future,
for example
, a recent study by the EIA brokerage firm, suggested that
people
with life bracket between 25 years to 30 years, it is necessary for them to consider pullout strategy.
Overall
, an individual compels himself to contemplate their arrangement at the early
age
to avoid burdensome to others at their departure.
Conversely
, It is the foremost responsibility of the regime to arrange better fund strategy for retirees, as they would not be competent
enough
to work after 60 years of
age
because
of their health and mental capacity does not
allow
them to do
so
,
additionally
they contribute through hefty taxes to country development,
For instance
, In Australia, a person
have to
submit 9. 5% of their wages to superannuation fund which
eventually
pay them back after their evacuation. Personal saving will never be able to achieve what has
been taken
by authorities over hundred of years to achieve.
In conclusion
, the state
retirement
plan will
eventually
supersede
entirely
the individual saving methods,
however
the regime
must
designed appropriate system and follow them up for their implementation.
Ultimately
, in the
current
scenario the
government
is responsible for their
retirement
.