[cherry]

I just wonder, since you want me to work longer, if you are already retired or if YOUR retirement guarenteed by the govt?

so easy for people on easy street to tell the rest of us to keep working til were 70....

[Clintonfatigued]

Oh, no, I’m many, many years from being retired. Chances are, I won’t be able to retire until I’m in my 70’s.

The unfortunate fact is, there are no easy answers to this problem. This is simply making the best of a bad situation. If you think there’s a better way, by all means inform me.

[dirtboy]

so easy for people on easy street to tell the rest of us to keep working til were 70....

Hate to tell you this, but I'm 46, and the government already decided "no social security for you" until I'm 68.

But the government is already working to solve this problem. It's been going on since the Clinton Admin. They simply understate the real rate of inflation, and COLA adjustments don't keep up with actual inflation as a result.

Over the course of 20-30 years, this achieves negative compounding so that benefits will be about 60 percent of their real 1990 equivalent amount.

And that's about what SS tax revenues will cover come 2030 or so.