Retirement Speech

Speech # 1 Informative Speech
SPEECH GOAL:
I would like the audience to learn and understand the importance of retirement planning at a young age.
THESIS STATEMENT:
To create a safe financial retirement we need not to rely only on social security but also have other retirement plans such as a 401K and/or an IRA account.
INTRODUCTION:
I. How many of you expect to live past the age of 60?
II. How many of you would like to one day retire and enjoy the golden days of life?
III. Today I want to share with you some information about our current Social Security system and other option available to you for retirement planning.
BODY:
I.

Did you know that by the time you reach retirement age, social security might not be around anymore? Let me explain why.

A. Social Security is a pay as you go government fund that is the economic security for millions of Americans when they retire.
1. About one out of four households receives income from social security
2. The average social security benefits paid to retirees in January of 2013 was $1,264

B. The main problem with the current social security system.
1. The ratio of workers to those in retirement started to drop.
2. Meaning the money going in would soon not be enough to support money going out.

3. If congress makes no changes to the current social security system, the fund will run of money by 2033.
(Transition: Now that we learned that social security is not a very reliable retirement plan; let’s look at a couple of options that can guarantee you a more secure future.)
II.

The first option for an alternate retirement plan is a 401K.
A. A 401K plan is a plan that takes a small amount of money, up to $ 17,000 a year, from every pay check you get.
1. Then you choose how to invest that money in mutual plans offered by the company.
2. Until you retire that money is there invested and growing.

B. Sometimes a 401K plan comes with an additional bonus
1. Free money, also known as a matching contribution.
2. A company can often match 50 cents to a dollar for every dollar you contribute. III.

Another option is to open up an IRA (Individual Retirement Account) with a bank of your choosing.
A. An IRA is pretty much a savings account with big tax breaks.
B. Interest can also be earned in an IRA account.
1. For example Ally Bank is offering 1.3% interest on a traditional IRA for the period of 4 years.
C. And like a 401K, the money is there invested and growing.
D. The only drawback to an IRA account, is that if you need to withdraw you money before the age of 60, you are then require to pay taxes on interest earned and a 10% penalty fee.

CONCLUSION:

So as you just learned, social security is not a safe retirement plan, and if you want to one day enjoy the golden day of life it is for your better interest to start planning for retirement now.
SOURCES:
Wang, Penelope. "Ultimate Guide to Retirement: Strategies for Your IRA, 401(k),
Pension and More from Money Magazine on CNNMoney.com." CNNMoney. Cable
News Network, n.d. Web. 16 Oct. 2013.
"What Is Social Security?" National Academy of Social Insurance. National Academy of
Social Insurance, n.d. Web. 16 Oct. 2013.
Kurtzleben, Danielle. "Trustees: Full Social Security Benefits Will Only Last Until
2033." US News. U.S.News & World Report, 31 May 2013. Web. 16 Oct. 2013.