Social Security

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Term Paper Title	Social Security
# of Words	749
# of Pages (250 words per page double spaced)	3

Social Security

Social Security

     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 file...

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