Economic Issues Facing The Nation Today. Speaks Of The 401(K) Plans

822 words - 3 pages

There are many economic issues facing the nation today. While some are extremely important in determining how the economy is balanced, others are not. Although this is true, that does not necessarily make these lesser important issues obsolete. Take, for example, the recent issue of corporate leaders matching contributors to the 401(k) plan with company stock, instead of with cash. Though this is a relatively National issue, it still greatly affects a large number of people in foreign areas as well as you and me. Because of this effect on such a large number of people, it is necessary that this issue be discussed, as will happen within the next few paragraphs.In the way that a 401(k) stock matching plan is set up; timing is everything. In a basic 401(k) plan employees put forth a set amount of dollars (usually pre-determined personally by the employee) before taxes are withheld This portion of the employee's paycheck is put toward his or her retirement. What some companies prefer to do in order to make the 401(k) plan more attractive for employees, is to match each employee's investment in the plan by a certain percent. Here is where the problem comes in. Though some companies match contributors either with cash or with a direct credit to the plan, other companies match with corporate stock. According to Richard Sasanow, a former assistant of public communications at Ernst and Young, 'many experts consider this to be one of the riskiest investments for a 401 (k)-but may be worth it if you think your company has a great future.' (Sasanow, 45) A recent survey shows that 18 percent of all companies made their matching contributions this way. Now for small, fast-growing businesses this would not seem as much of a risk since these companies' stock are generally on the increase. But for some large corporations, this is a great risk foremployees since a lot of their retirement money is now based on how well the company does.Some say that because contribution matching is now based on how well the company does, then employees will strive to do a more efficient job in order to increase the overall stock price of the company, which, in turn, will increase the amount of retirement they will receive. Now the problem of timing comes in again. Mr. Jim Davenport, a Staff Writer for The State Newspaper uses a good example: 'An imaginary worker for an...

Find Another Essay On Economic issues facing the nation today. Speaks of the 401(k) Plans

Women’s Issues There are many social issues facing humanity today,

2674 words - 11 pages Women?s Issues There are many social issues facing humanity today, one of the most important being gender inequality. Women especially have been exploited and treated unfairly due to the fact that they were born female. Male dominance was preeminent from the very beginning of history. The belief that women were naturally weaker and inferior to men, was and still is in many cases, instilled in people?s minds, despite even the church?s teaching on

Problems Facing the Nation Essay

1829 words - 7 pages The nation is facing one of its most distressed times. This country has fallen from its once great position, undermined by corporate greed, and military threats. We reached our nation’s height in the 1950’s and on into the 1960’s. Several factors have helped to contribute to this decline from the growing deficit, to the instability of Iran’s proliferation and the war on terrorism. Our economy took a tumble in December 2007 our gross domestic

The economic contributions of Nobel Prize winner, Amartya K. Sen

2788 words - 11 pages that inspired Sen; and provides a brief analysis of the issues discussed.IntroductionEconomist Amartya K. Sen of India received the 1998 Nobel Prize in economics for his contributions to welfare economics. Born in 1933, Sen studied in Calcutta and Cambridge (where he received his PhD) and has held teaching positions at Oxford, London, Delhi, Calcutta, Harvard, Berkeley, Stanford, MIT, and Cambridge. He holds honorary doctorates from more than 25

The Biggest Challenge Facing Social Work Today

530 words - 2 pages The Biggest Challenge Facing Social Work Today I f the profession of social work was a client we might say that she was wrestling with the psychosocial crisis of identity versus identity confusion. We might assess the conflicted issues from her childhood (casework versus therapy versus policy/administration), the inadequate mirroring she receives from her environment (a culture that needs her to help those who the culture pretends do not

'The world today seems to be going crazy. Speaks of 'The Unabomber's Manifesto'

3099 words - 12 pages thannot a red-herring placed by the Unabomber to tease and confuse the Taskforce.F.C.These initials have been included in some way in most of the bombs.The initials were scratched into most of his bombs. The initials, also, werespray-painted in the vicinity of several of the bomb sites. Authorities havesuggested that it might stand for an obscene phase directed towardscomputers; like 'F@%K Computers'. The Unabomber in a few of his lettersto

How the Example of Jesus Might Help Christians Facing Persecution Today

1103 words - 4 pages How the Example of Jesus Might Help Christians Facing Persecution Today The reason why Jesus is such a help to Christians facing persecution is because he sets the ultimate example through being the virtuous son of God by behaving in a manner that people could look up to. He was intensely persecuted but also a very controlled person. I am now going to analyze three of the stories in Mark's gospel which show that Jesus

Three of the Most Difficult Issues Facing Health Care in the U.S

1040 words - 4 pages Identify and describe at least three of the most difficult issues facing health care in the U.S. today. Williams & Torrens (2010) states the three most difficult issues facing health care in the United States are: decision making practices, administrative practices and financing practices in the health system (page 337). The first issue facing the United States health care is decision-making practices. In fact, the

"The Negro Speaks of Rivers"

584 words - 2 pages "The Negro Speaks of Rivers" By Langston Hughes "The Negro Speaks of Rivers", by Langston Hughes, is a compelling poem that goes deep into Hughes' soul. This poem is full of many themes, such as racial pride and relating to one's ancestors or roots, which in this case is all tied to rivers. But what do these rivers convey about the history of the African People? "The Negro Speaks of River" speaks loudly of the creativity of black people who

The impact of early presidential foreign and economic policies on the growth of the nation

524 words - 2 pages We have had many great presidents during the early years of the nation. George Washington, Thomas Jefferson, and James Monroe were among them. During the early years of Washington's presidency, the country was in national debt. After the war the country owed masses of money. The country owed $81,497,000, but it was on receiving a total income of $4,419,000. Now, the government borrowed money through bonds. A bond is a certificate that promises

Economic Thought in the Late Ottoman Empire and the Question of the Nation

633 words - 3 pages economy and ask how divergent understandings of the Ottoman nation were expressed through economic conceptions. The thematic emphasis on the debate on free trade and protectionism provides the overarching theme capable of combining the different research directions of the project. In the first strand of the second research direction, the project will analyse the state administration and the underlying eco-nomic notions of its politics of reform

The Power Of Facing Fear

1103 words - 4 pages afraid of something. [Wilson thought.] Hemingway has now come full circle by turning Wilson's eyes on Margaret, and again revealing the image of a coward. With Margaret as the coward, the story continues. While tracking down the surviving buffalo, Macomber winds up being charged at. In the ensuing confusion and panic, Margaret shoots him in the back of the head.In this tale, Hemingway displays just how powerful facing one's fears can be, and the

Similar Essays

Issues Facing Law Enforcement Today And In The Future

681 words - 3 pages There are two main issues facing law enforcement today which will grow exponentially as the field of law enforcement moves into the future; having the potential to evolve into greater issues than can be anticipated. The two issues are a simple situation of cause and effect; because society has become more complex, so too have the crimes which are committed within society. Thus, the ever growing complexity of society and crime has created forms

Global Warming Research Paper What Are Currently Some Of The Global Issues We Are Facing Today?

663 words - 3 pages diplomacy is failing. They cannot offer sufficient proof as to why they're making a difference.Furthermore, negative side-effects aren't the only thing that global warming induces on this planet, adaptation is an example. As history already tells this story thousands of times, humans have adapted to every situation they have faced. Today is not different, "Our point is the future will be different from the present no matter what, so to not adapt is

Two Major Issues Facing The World Today: Social Security And The Death Penalty

1453 words - 6 pages There are two major problems facing our world today. These two problems are social security and the death penalty. People are very concerned about what to do in the future of social security. Should the death penalty be legal?The death penalty is a controversial topic in the United States today and has been for a number of years. The death penalty is currently legal in 38 states. States like New Jersey and Connecticut have yet to carry out

The Gilded Age, It Earned A Reputation Of Widespread Corruption In Government And Business, As Well As Persistent Economic, Social, And Political Problems Facing The Nation

703 words - 3 pages In the years following Reconstruction, America changed from a country of farms into a nation of growing businesses, factories, and cities. Despite these changes, the decades of the Gilded Age earned a reputation of widespread corruption in government and business, as well as the failure of the era's Presidents to resolve the persistent economic, social, and political problems facing the nation.The rise of industry and business defined the period