Retirement income Essay Example | Topics and Well Written Essays - 500 words

Retirement income - Essay Example The accumulation of personal savings and income during my working period will form the largest bulk of my retirement income. This is because it requires a huge amount of retirement income to sustain a pre-retirement lifestyle. Examples of investment options that I am including in my retirement income plan are money in savings accounts, stocks and bonds investments, tax free savings accounts, and RRSPs and RRIFs (Brown, Chambers & Currie, 2001). The other investment option is accumulated property including a home and business assets. The overall savings and investments strategy is long-term and this will involve a diversified savings and investment portfolio. The advantage of maintaining a diversified portfolio is that I will be in a good position to get returns in the long-run. It also eliminates the dilemma of deciding when to return to the market after making an exit when the market performance is low. I would also like to adjust my asset mix on a regular basis because this provides the opportunity to take advantage of differences in the performance of the different classes of assets. Rebalancing will also ensure that I re-align my portfolio with my goals and level of risk tolerance. I will be making progressive and consistent financial contributions to a RRSP on an annual basis. RRSP have the benefit of generating earnings that grow on the basis of tax-deferral and its contributions provide a significant amount of tax savings (Brown, Chambers & Currie, 2001). I can use the savings to make additional investments or even pay existing debts. Employers offer two types of pension plans for their employees including defined benefits plans and defined contribution plans. A defined benefits plan will involve getting a pre-determined amount of my income upon my retirement. On the other hand, a defined contribution plan will use my accumulated investment income and contributions in providing a pension benefit. I will go for a defined contribution plan

Depression in mothers Essay Example | Topics and Well Written Essays - 1250 words

Depression in mothers - Essay Example Depression among women has been known to be caused by a myriad of issues that affect the world globally and in the local communities. This is especially in the third world, where poverty is one of the leading causes of depression among mothers and women in general, unlike other factors that affect the first world and other well to do women that have all their basic needs. Poverty has led to depression amongst many women following the lack of basic needs to sustain a comfortable life, even at the lowest level of just being alive and having a meal on the table, as well as clean water to drink. This is in addition to having access, to health and medical facilities in order to cater for the overall wellbeing of women and communities in question. However, due to the sensitivity of the issue, we shall dwell more on the depression of women as they tend to shoulder the burden of poverty, especially in Africa. Studies show that African women are more likely to contract type 2 diabetes than wo men with greater economic resources or wealth only serves to show the impact of poverty on depression in African women (De Groot et al 172). The above studies approach depression in poor African women from the perspective of coming from a poor environment, where their depression is a reaction to the said environment. In addition, poverty is considered to be the strongest factor leading to depression amongst mothers with young children, especially considering their inability to provide for their young (Grant et al 1). This also includes the lack of suitable facilities, in which to live, which, in turn, leads to insecurity. The whole situation of depression revolves around the concept of poverty, especially in the third world, which covers most of the globe and Africa is a major concern followed by parts of Asia. Oxfam as an international organization works towards the wellbeing of the global society by working to eliminate overtly across the globe. As a result, it can be taken to mea n to be an institution that works towards bettering the lives of women and lowering the risks of depression among women and mothers. The Oxfam website can be considered to be substantially user friendly with the ease of use and navigation along the lines of the information it provides. With this in mind, the institution’s website provides bulk of information on its role on an international scale to improve the lives of those caught up in poverty. Considering this, Oxfam labels poverty as a condition that can be eradicated off the face of the earth and have all members of society living comfortably. The above is because; Oxfam works with vulnerable people in the face of poverty to overcome their difficulties in making ends meet in relation to food, education, development and citizens’ rights, as well as climate change, where those affected receive assistance from the organization to improve their lives substantially. The website provides information on how one can work together with Oxfam to alleviate poverty by donating to the organization for the good of the society, a means that can be viewed as a one that caters for the depressed women. This is through the collection of financial and other forms of resources that are used to put up facilities to improve their livelihoods considering their vulnerability to poverty (â€Å"Oxfam†). In the third world, especially Africa, this translates to fewer depressed women following the delivery of