Posted on 03/07/2005 9:24:05 AM PST by Cagey
That is the only thing I am completely against is raising the retirement age. What about people who do hard, manual labor? Something Congresspeople would not understand.
I plan on emailing my Senators concerning this matter.
I agree. I don't want to retire any later than I have to. I don't want to have to drag my butt to work at 70 years old! I think it should be optional. I want to enjoy my retirement and not be too old for it!
raise it to 70 and repeal the income cap...count every vote and tax every dollar...lol
So let's see here, the government says that the retirement age is 65 when you start working (and contributing) then gets to unilaterally change the deal? Hmmm.
Orwell nailed it in Animal Farm.
Does anyone know the potential availability of the private funds? Would they be available any time I deemed I was ready to retire or would I have to wait until this arbitrarily set government retirement age?
I know, no plan exists yet, but I have not seen this element discussed and curiousity is killing me!
OK, so lets come out and say it, shall we?
A MASSIVE CUT IN BENEFITS to current workers. And to add insult to injury, no personal ownership of benefits, just the assurance that they will keep raising the age limit so that I will never collect a benefit. This is insane, unjust and unfair to those of us who are contributing currently.
Now I will have to work harder and longer to pay for old people to enjoy benefits that I may never see myself. Workers everywhere should be outraged by this robbery. We need our own AARP to lobby these bozos.
When did it go up that high? I thought it was $67,000 about 6-7 years ago. They are already pusing that limit up much faster than inflation how it is.
If the politicians had kept their hands off Social Security, and not widened the rules as to who could collect so that the collectors would be beholden to the politicians at election time, the program wouldn't be in dire straits.
You know, it occurs to me that if folks here, one of the nation's most conservative, self-reliant collections of news junkies, can't be depended on to consider extending the retirement age one freaking year, then Social Security reform is doomed.
If you can't do manual labor at 68, go work at Wal-Mart for a year or two. It won't kill you. Or sit on your butt on your own savings.
For the life of me I can't figure out why my generation is going to be the only one to make any sacrifice at all. You decrepit old codgers are going to knock down any reform that might call for you to give up anything. My generation most likely won't even get our money back and you greedy old farts won't chip in a dime. Shame on you.
Unfortunately, the only way any kind of reform will make it out of Congress is if it is not completely what we would want. But, the question is, how many bones will be tossed to the Dems.
We simply can't pass a bill without at least some Dems voting for it.
I am 21, and by the time I retire, the retirement age will probably be 75-80 or something. Hell, I may die before being able to retire.
That is what they are counting on.
Is the retirement age strictly defined by the SS benefit eligibility age? Would my 401K not be accessible until I reach the arbitrary age set by the gov't?
I know, I should know the answers to these questions, but I don't.....If the two are tied, then I definitely need to reconsider my investment strategy!
You are right. I am 32 and am totally against them raising the retirement age. They have already raised it. Have some compassion for those who do hard, manual labor...I am assuming you do not.
The rest of the options I am willing to listen to and see where they lead us.
Raising the retirement age would greatly ease the SS burden, but according to some statistics, help some who tend to die off within 2 years of retirement...My dad is 75, and he is working Pizza Delivery and has for the past 7 years after 40 years of owning his own service station/automotive repair business. He is for raising the limit also!
When Social Security was started with retirement age of 65, most people died by the time they were 62.
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