Accounting Class, pick topic below Essay Example | Topics and Well Written Essays - 2000 words

Accounting Class, weft topic below - Essay ExampleWhile some individuals intend to work for as spacious as they can, particularly because idleness and loss of accustomed status can bring depression, illness, and even earliest death, it is always pleasant to contemplate that one has a nest egg to fall back on when a contingency or extreme need for money arises. Whatever your situation - even if you motivation to continue working - youll need to do some planning for the future. (Shwab-Pomerantz & Schwab, 2002). Thus everyone should begin to plan for retreat even during the first few years of employment or starting a business.Retirement planning, concord to the Small Business Encyclopedia, describes the pecuniary strategies individuals employ during their working years to ensure that they will meet their goals for financial security upon retirement. This applies to self-employed persons, small business owners, and employees of companies large and small (Retirement planning, SBE)Re tirement planning was unknown antecedent to the twentieth century because the US national economy and presumably the economies in other parts of the cosmos were still predominantly agrarian. Farmers toiling in the fields continued to work until they could no longer do physical labor, and transferred ownership and management of their properties to their eldest children in return for services to them during their old age (US memorial Encyclopedia). Even with the onset of industrialization, there were still a limited number of employees, and farming continued to neglect as a means of livelihood. As workers aged, they continued to work using their skills and wisdom in spot of strength and stamina to remain employed in their later years. (Retirement planning, US)Later, because of concerns about productivity and efficiency in the workplace, it was deemed necessary to replace aging workers with young and strong ones. There was concern and apprehension about these