The “full” SS retirement age should be raised to 70 from its current 67 in one month a year increments IMHO. In 2013, 67 and one month, in 2014, 67 and two months, until they hit age 70. Since I was born in 1953, my full retirement age is 66 years old.
I was diagnosed with Leukemia seven years ago so I decided that I will draw the SS reduced Benefit at age 62. Better to get a little of my money back before I buy the Farm, then take a chance and get NADA. My “estimated” shelf life ends in my mid 60’s unless Big Pharma invents some new drugs. I'll hope for the best, but I'll always expect the worst. Kind of like the November Election...
I agree, except raise the full retirement age to 78. Remember, when SS was passed, average life expectancy was around 60.
(I won't be collecting SS for several years yet, so this would affect me also.)