Social Security: A Young Person’s Viewpoint.

BY CHRISTI SLAGER

As a young adult, I think there is excessive importance placed on the availability of Social Security for people my age as we get older (“Young Adults Support Social Security,” JofA, Oct.99, page 13). More emphasis needs to be placed on saving our money for the time we wish to retire. If we were taught as children to put a certain amount of money into a savings account every week, we would not have this overwhelming expectation of receiving Social Security benefits.

Why does it seem that setting up an IRA is only for those who will retire from their jobs in the next 10 years or so? A worker or spouse should begin to put money into an IRA at an age when he or she will be able to save as much as needed to be comfortable at retirement. Those relying on Social Security to keep them financially afloat will be extremely disappointed when they retire. At that time they will discover they do not have enough money to provide them with the lifestyle they desire. Now is the time for young people to prepare themselves for the future and come to the realization that there may not be anything left for them 40 years down the road.

Christi Slager
Portage, Michigan

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.