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!
I have the same questions. I would like to see it that your 401K and/or private retirement funding is available after X years of starting it, not at some arbitrary age set by the gov't.
However, I will take the wildly unpopular view that the SS age SHOULD be raised. SS was not meant to be what people retired on, it was meant to take care of the elderly and infirmed, who had lived past life expectancy. If SS followed it original intentions, and not gov't supported retirement it has turned into, the SS age would currently be over 80.