Learn How Social Security Evolved

Signed into law on August 14, 1935 by Franklin Delano Roosevelt, a limited form of what we now call Social Security has been in place since January of 1937. During the Great Depression, more than half of senior citizens after Retirement were in poverty and the “social insurance” plan was developed by the President’s Committee on Economic Security as a means to combat it. In the beginning, the program was designed to provide benefits to the retired and unemployed, as well as a lump-sum at death.
From the start, the limitations imposed by the program were controversial: benefits were offered for certain professions, leaving out women and minorities in large numbers. Exclusions that kept nurses, teachers, social workers and many others from claiming benefits meant barely more than half of the American workforce received help. In addition to stipulations already in place “just big enough for the majority of Negroes to fall through,” as the NAACP protested, much of the authority for distributing aid was given to the states to appease Southern congressmen. As a result, black families were often allocated less money than white ones, widening the gap even further.
Of course, there was some debate as to whether the program would be considered constitutional at all. The Supreme Court had been quite forceful in striking down New Deal legislation throughout the mid-1930s and, if not for a timely switch after the Judiciary Reorganization Bill was proposed by President Roosevelt in 1937, it might have been eliminated just as the first death benefits were being paid out. A pair of decisions released on the same day, Steward Machine Company v. Davis and Helvering v. Davis, upheld the right of the federal government to set policies for “the promotion of the general welfare.” Three years later, Ida May Fuller of Ludlow, Vermont received the first monthly Social Security payment.
The program has evolved almost continuously, as concerns regarding holes in the payment plans led to more inclusive amendments in 1939. The number of covered individuals remained relatively stable until separate amendments in 1950 and 1954 extended coverage to nearly everyone, but dependents and spouses of working women were still prevented from receiving death benefits until 1962. It wasn’t until the 1970s, when protection was extended further and cost-of-living adjustments were created almost 40 years after the bill first went into effect, that Social Security as Americans understand it today came into being.
So this was just a brief of Origin of Social Security

4 Ways to Join the FutureYears Discussion

Want to participate in the community here on FutureYears? Make this a part of your Retirement Planning to come up and share your views. You can now do so by using your Facebook or Twitter ID! Just click on the appropriate logo under “Post Success Stories With” in the center of the home page and you will be asked to sign in to the social network you’ve chosen. After a simple click to authorize connecting your profile to FutureYears, you can begin posting questions and providing answers. Of course, if you’d prefer to have a separate account, you can go through the steps on the registration page.
Once inside, you’ll be directed to My Dashboard. Below are a few common questions:
How do I ask a question?
Begin by clicking on the “Ask a Question” button, which will take you to the creation page. There will be two fields for you to fill out: the upper one for the topic you’re interested in (Life Insurance, Home Health Providers, etc.) and the lower one for the question itself. Once you have filled both in, click the “Create” button and your question will be posted to the forum. As people begin to respond, you can click the “My Questions” link on the dashboard and pick the corresponding question you would like to read to see answers from the community.
How do I answer a question?
Begin by clicking “View All Q n A” on the dashboard. This will have a list of recent questions and, if applicable, any answers that have been given. Simply click on the “read more…” link and you’ll be directed to the appropriate page. Once there, you can read through all the responses, then supply your own thoughts by filling in the box at the bottom and clicking the “Comment” button.
If you’ve asked a question and want to answer your own, you can do so by following these instructions or clicking the “My Questions” link and selecting the appropriate question. Once again, you’ll merely have to enter your ideas into the box at the bottom and click “Comment” to add them to the discussion.
How do I start a discussion group?
From the dashboard, click on “Start New Group” and you will be directed to the correct page. Name the group you’d like to begin (Investment Tips, e.g.) and add in three primary topics (investments, stocks, bonds, e.g.). After that, add a primary location to help people understand how your thoughts might be more relevant to them. Before clicking “submit” you’ll want to add a group description, as it will help new members understand the direction of the group before joining up.
After you’ve clicked “submit,” your group will be listed under the “My Groups” tab on the dashboard and in the left column of discussion pages. Once you click on the group’s name, you’ll be directed to the page where comments can be submitted. On the right side you’ll find a “Join this Group” button. Once you’ve subscribed to the group, you’ll be able to click the “Start Discussion” button, give your discussion a topic and create a description, which will serve as the first post.
How do I join a discussion group?

There are two separate ways to go about this, as you’ll see “Search Groups” and “Search Discussion” buttons on the dashboard. If you have a general idea of what you’re looking for or a place you’d like to see the information come from, click “Search Groups.” Here, you can enter a topic (retirement communities, e.g.) or location and look for groups based on that information. If you know of a specific discussion you’d like to join, then click the “Search Discussion” button and enter the name (Dating After 50, for example) then click the “Search Threads” link to be directed to it.
Once you’ve found a group you’d like to connect to, click the “Join this Group” button on the right side of the screen. From there you’ll be able to contribute by clicking on the individual thread, typing in your thoughts and clicking the “Comment” button.

Get To Know The Major Income Source For Retirees

Contribution retirement plans are a major source of income for the retirees and the older adults. More and more aged Americans are opting for these plans to have that financial stability even in the post retirement period. In order to get the best deals out of your retirement plans, you need to have an idea of the various benefits and act accordingly. They can be a very good source of income.
There are a number of retirement contribution plans that you can opt for. They provide you with various benefits and are also tax free. Some of the most preferred contribution retirement plans include:
Individual Retirement Account: It is one of the most preferred retirement accounts that are available in the US. These are really lucrative and you can also enjoy tax exemptions through these. These are also known as IRA accounts and are of various types. Usually, there are two types of IRA accounts: Traditional IRA and Roth IRA. The contributions that you make in the account are tax exempted unless you withdraw the money. If you make withdrawals before the stipulated time period, you have to pay 10 % as penalty and tax rates are also applicable on the amount withdrawn.
401 (k) accounts: 401k plans are also very popular among American retirees. These are defined contribution employer sponsored plans which provide you with long term benefits. Your employer can also provide you with 401k matching contributions. The contributions that you make into your plan are tax deferred as well until you withdraw them. There are various types of 401k plans such as Traditional 401k plans, Roth 401k plans, and Safe Harbor401k plans and so on.
403 (b) plans:Non-profit employers, self employed ministers, public education organizations and other non profit organizations can opt for the 403b plans. The money that is put into the plan is only taxable after one withdraws it. In the present scenario, the 403 (b) plans also include the Roth contributions or after tax contributions. However, unlike other plans, the employer contributions can be withdrawn before you reach the age of 59 ½ years.
In addition to these, there are also some more contribution retirement plans. Some them are 457 plans, SARSEP, Keogh plan and so on. All these plans provide you with good benefits and you can also enjoy tax exemptions.
So opt for some retirement plans and enjoy that secure and financially stable post retirement period.

Contribution Retirement Plans are a major source of income for the retirees and the older adults. More and more aged Americans are opting for these plans to have that financial stability even in the post retirement period. In order to get the best deals out of your retirement plans, you need to have an idea of the various benefits and act accordingly. They can be a very good source of income.

There are a number of retirement contribution plans that you can opt for. They provide you with various benefits and are also tax free. Some of the most preferred contribution retirement plans include:

Individual Retirement Account: It is one of the most preferred retirement accounts that are available in the US. These are really lucrative and you can also enjoy tax exemptions through these. These are also known as IRA accounts and are of various types. Usually, there are two types of IRA accounts: Traditional IRA and Roth IRA. The contributions that you make in the account are tax exempted unless you withdraw the money. If you make withdrawals before the stipulated time period, you have to pay 10 % as penalty and tax rates are also applicable on the amount withdrawn.

401 (k) accounts: 401k plans are also very popular among American retirees. These are defined contribution employer sponsored plans which provide you with long term benefits. Your employer can also provide you with 401k matching contributions. The contributions that you make into your plan are tax deferred as well until you withdraw them. There are various types of 401k plans such as Traditional 401k plans, Roth 401k plans, and Safe Harbor401k plans and so on.

403 (b) plans:Non-profit employers, self employed ministers, public education organizations and other non profit organizations can opt for the 403b plans. The money that is put into the plan is only taxable after one withdraws it. In the present scenario, the 403 (b) plans also include the Roth contributions or after tax contributions. However, unlike other plans, the employer contributions can be withdrawn before you reach the age of 59 ½ years.

In addition to these, there are also some more contribution retirement plans. Some them are 457 plans, SARSEP, Keogh plan and so on. All these plans provide you with good benefits and you can also enjoy tax exemptions.

So always go for some  Retirement Planning and enjoy  secure and financially stable post retirement period.

Retirement Lifestyle

Retirement calls for freedom…freedom from your hectic work schedule! You may now lead the life you have always wanted to. If you are financially strong, planning for a retirement lifestyle is fun and exciting. You have endless options at your hand starting from traveling to learning new things. Planning for a Retirement Lifestyle is a crucial factor in itself because we all prefer an active lifestyle ahead.
You are your own boss post retirement and may take up any task of your choice. Say for instance, you are a movie buff, but all through these years you didn’t really get the time to catch up with your favorite movies. Now is the right time to do so- just switch on your DVD players, insert your preferred CD and watch your favorite movie! Similarly, if your family has been complaining all these years that you never gave them the desired time and your sole focus was on your work, now is the time to compensate for the loss. Spend as many hours as you can with them, if possible plan a family trip and have a gala time traveling. So, ensure to make the most of your retirement lifestyle by coming up with new and innovative ideas.A good Retirement Lifestyle can help you enjoy your Retirement Planning the most.

Retirement Hobbies

Is the thought of getting retired worrying you? Do you feel that there’s no life after retirement? Well, you don’t have to worry, in fact, for some, life starts post retirement and you too can one amongst them. Just go in for activities that you have always loved to indulge in, but never really got the time to participate in. In simple words, come up with your favorite Retirement Hobbies and see how they help you pass your time!

Do you have a passion for poems? Well, poetry has much more than Spencer’s sonnets, it’s in fact, a great way that keeps your mind engaged without causing any stress to your body. If you are an adventure lover, then why not go in for fishing? It’s an enjoyable and relaxing retirement hobby that pre-occupies you post retirement.

There are multiple organizations which need volunteers. Say for instance, you are good at managing kids, now in that case, you can always try your hands in tutoring. Similarly, you can work as a coordinator with the Red Cross. What is intended out here is that volunteering being a sociable and rewarding option makes you feel useful and offers you an opportunity to be an effective part of the community.

There’s no end to options, go in for any Retirement Hobbies that you find interesting and see how it helps you stay engaged! In some ways Retirement Hobbies have a role to play in your Retirement Planning.

Healthy Adults Need Less Sleep

According to a recent study, older adults, more precisely, healthy adults need lesser sleep than younger people. Dr Elizabeth Klerman, researcher from the Harvard Medical School, said, “The most parsimonious explanation for our results is that older people need less sleep.”
As per the research done by the scientists at the Clinical Research Centre of the University of Surrey, it is seen that older adults between the age group of 66 and 83 sleep 20 minutes lesser than the middle-aged adults from the age group of 40 to 55. Not just that, in the February edition of the journal SLEEP it has been stated that the duration of deep sleep also declines to a proportionate degree for both older age groups.
But, the most interesting thing is that although the older and healthy adults sleep less, but it does not mean that they feel tired at daytime than the younger people. Research also shows that it takes longer time to fall asleep for the older people and they sleep for lesser time as compared to the younger people.
Derk-Jan Dijk who is a professor of sleep and physiology at the University of Surrey, U.K. claims, “Our findings reaffirm the theory that it is not normal for older people to be sleepy during the daytime.” He also says, “Whether you are young or old, if you are sleepy during the day you either don’t get enough sleep or you may suffer from a sleep disorder.”

Adventure Sports for the Seniors

Are the one who loves to test the skills and feel that rush for adrenaline flowing in your blood? Then embark on some adventure trip to get that rush for blood! Age can never be the limit, what actually counts is the will power! There are many adventure tours that the aged can opt for. Select your proper adventure tour and get optimum satisfaction and enjoyment.
Cycling and mountain biking has always attracted aged Americans to overcome the hilly barriers. Places such as Arizona, Colorado, Alaska and other areas offer a great scope of cycling and biking. It really needs strength and courage to overcome the steep hills and rugged landscape. Biking and cycling, gives the adventure lover an ideal scope to test him or her under stressful circumstances. The mountain ranges of US like the Rockies are challenging and the cyclist and biker has to be aware of blizzards and landslides.
For lovers of water sports, the wonderful coastline of US is an ideal place to opt for various types of water sports. The lovely ocean, bays and seas matched with the idyllic beaches and scenic surroundings provides a great scope of different kinds of water sports.
Retirees and aged Americans can embark on a number of water sports such as scuba diving, kayaking, sailing and so on. Water sports give you the opportunity to experience of underwater surroundings. You can go to the lovely coral reefs and get to witness the habitat of various marine flora and fauna. The ideal time for undertaking scuba diving tours is in the dry season.
Other than these, the aged can also indulge in other forms of adventure sports like bungee jumping, wildlife tours and so on.
So undertake the right adventure tour now and enjoy to the fullest!

Planning a Retirement Party – Ideas, Invites

Retirement parties are perhaps one of the best ways to celebrate your retirement. Retirement is a wonderful period in your life which is a wonderful transition from the mundane and stressful job related life to a life full of charm and enjoyment. To celebrate this occasion, you can throw a party and enjoy to the fullest with your friends, relatives and near and dear ones.

First things first, you should make a proper planning for your retirement party. If you are really craving for some adrenaline rush, opt for a dance party. Call in colleagues, acquaintances, family members, friends and other known ones and rock the dance floor. You can turn your home into a dance party floor by decorating the extra space and installing good sound systems. Otherwise, you can also rent a dance floor and arrange your party there.

For lovers of serenity and silence, a dinner or lunch party is perhaps the best choice. Invite your near and dear ones for a leisurely dinner or lunch party at your home or in a dining hall or restaurant. To add to the charm of the occasion, you can decorate your dining area with balloons and so on.

Now that your party ideas are over, so how do you invite people? Party invitations can be tedious as well as confusing at times. You may be confused about inviting the right people for the party and sometimes you can also miss out on the correct people to invite. Proper planning and prudent thinking is needed to have a methodical retirement party invitation.

The first thing that you need to do is to make a list of the people whom you like to invite. Try to invite in advance which will save time in the last moment. Moreover, party invitations in advance also give time for the invitees to plan their schedule and prepare likewise.

Now that the list of retirees has been prepared, you need to now decide the proper way to invite. Some of the common ways of invitation is through phone calls or invitations through cards. Try to mention the type of party that you will be organizing. If any dress code is being maintained, do mention it in the invitation card for the people to prepare likewise.

Mention contact details like address, e-mail ids, phone number, and so on in the invitation card. Through these, the invitees can contact you in case of emergency situations.

Last most importantly, mention the date, time and the venue of the retirement party properly on the invitation card. It is always better if the parties are organized in weekends.