Social Security Helps Many Retirees Survive}

June 13, 2018 0

in Wealth Management @ 1:19 am

Submitted by: Eric Bayne

The very first Social Security check was sent through the mail in 1940 even though President Roosevelt had signed the Social Security Act into law, 5 years earlier. Ever since, many American retirees have been grateful to receive that monthly financial safety net as they entered their retirement years. It’s difficult to believe that Social Security has been with us for sixty plus years.

In the original incarnation of the bill, Social Security benefits were only to be paid to the primary worker. But, before the bill went live, additional benefits for the spouse and children were added.

Quite a few folks erroneously think that the Social Security system is equivalent to an investment annuity, in which you send money to the government. They will then invest it and give you the resulting income in monthly payments for the rest of your life. In fact, however, the system is closer to a government welfare program. The collection of payroll taxes , which finances the Social Security program, is managed under the authorization of the Federal Insurance Contributions Act, better known as FICA. FICA is like the enforcement arm of the system. It ensures that every worker “contributes” his or her fair share to the government pool.

Each new generation of workers is responsible for taking care of the previous generation’s retirees. The amount of money you eventually get back from the government has only a tenuous relationship to the amount of money that was deducted from your check over the years. Since it’s inception, the system has collected from contributors and paid out over nine trillion dollars to recipients.

But the 1940 statute did not merely quit with allowing retirees to collect benefits. The law also consisted of the first incarnations of the welfare and unemployment systems which are still very much in evidence today.

Today, with millions of people losing their jobs every month, with our financial systems going into the toilet, and the housing crisis exploding around us – these safety nets are becoming more important than ever. Many retired women, especially, are just barely able to make ends meet with the help of Social Security. This is because, although gradually changing, women today are less likely than men to have additional sources of income. Partly due to working less years in the workforce because of child raising responsibilities. And partly because, even while in the work force, women typically are paid less than men.

But all families are helped by Social Security, even those that don’t need it to survive. In fact, according to independent studies, if Social Security was eliminated, many retired families would experience a drop in their living standards of 70% or more.

Many people fear that the system cannot sustain itself. In fact, there have been times in the past when the amount of money paid to recipients exceeded the amount of money collected via FICA. In these cases, Trust bonds were sold to make up the shortfall. Because of circumstances like these, Congress has occasionally upped the percentage of gross income that FICA can collect from salaries. Even these modifications, however, as the population ages and simultaneously live longer, may not be enough to sustain the system without drastic changes to the system.

The Social Security program is the largest government program of the country – constituting over twenty percent of the federal budget. As some politicians look at cutting the size and expenses of government, this program has an inviting target on its back. To many people, however, the cost of losing this critical system could ultimately be much more than the cost of running budget deficits.

About the Author: Eric Bayne is writer and researcher for . Many retirees are traveling more these days. Visit his site to learn more about

retirement travel ideas

as well as other retirement related issues.


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Flights To Narita Take You To A New World Of Attractions

February 7, 2018 0

in Wealth Management @ 2:36 am

Submitted by: Johncrystal Travel

Narita is among the most visited regions in Japan. The city is home to Sacred Shinshoji Temple. Every year more than seven million people take cheap flights to Narita to offer their prayers. Best part is that the city is home to one of the most important international airports in Japan. You can visit several shrines and museums while vacationing in the city.

Following are some of the most visited sites in Narita:

Naritasan Shinshoji Temple

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This temple is an integral part of the religious beliefs of Narita. The Shingon Buddhist Temple was founded by Kanch? Dais?j? in 940. It is among the most popular Buddhist temples in Narita. Several devotees take flights to Narita especially for the pilgrimage. The temple has several buildings and most of them are designated with National Important Cultural Properties. Some of the most important ones are the K?my?-d?, three-storied pagoda and the Ni?mon main gate built in 1701, 1712 and 1830 respectively. The temple is also known for arranging regular events. Major annual festivals are Oshogatsu, Taiku Drum festival, Setsubun, Obon and the annual burning of amulets.

Katori Shrine

Kitori Shrine is a Shinto shrine and its complete name is Katori Jingu. It is located in the outskirts of Swara, area in northeast Narita. There are more than hundred Katori Shrines in Japan. But this shrine governs all other Katori Shrine. Futsunushi no Mikoto is considered as the protector of military. It is serving as an important shrine since Samurai times. This shrine was built in 18th century. Several devotees take Narita flights to visit the shrine especially to see Kaij? Bud?, a cupronickel mirror. This mirror is a National Treasure. Romon or gate is the main attraction of the shrine. While taking a closer look, you will find name of the shrine carved in the gate. Romon has been listed in Important Cultural Properties of Japan.

Boso no Mura Open Air Museum

If you want to take a closer look at the local lifestyle and traditions way to create handicrafts, take flights to Narita and visit Boso no Mura Open Air Museum. Boso no Mura literally means Boso village in Japanese. Take a walk through the village and visit any of the craft workshops to watch artists designing and creating magnificent handicrafts. Best part of visiting the village is that, you can be a part of traditional activities such as papermaking, tea ceremony and blacksmithing. If you wish you wish to explore the culture, don t miss on being a part of the celebrations of festivals.

Yamato no Yu

Narita is not only about traditions, culture and shrines. The modernity of the city is defined by its shopping malls and world class restaurants. Yamato no Yu is another modern attraction in Narita. It is a graceful public bath house strategically located just a drive away from the international airport. It is a unisex bath facility and features both indoor and outdoor pools. If you want to relax your mind with sauna treatment, take cheap flights to Narita and visit Yamato no Yu. Besides bathing facilities, the bath house also features a sushi bar, spa, fitness gym, relaxation space and a Japanese restaurant.

About the Author: John is an experienced content writer for business development at Crystal Travel. For more information on cheap flights to Narita and you can also book cheap flights to Harare and can visit


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