Social Security’s retirement age is moving to 67. Some experts say that could go even higher

CNBC ^ | 3 April 2022 | Lorie Konish

[Brian Griffin]

Is that a .5% after inflation interest rate?

I think I-bonds have a .4% premium to inflation.

I’ll be looking to invest my recent inheritance in dividend stocks.

Banks are only offering 4% CDs for a few years (when inflation is around 10%).

[NorthMountain]

Imagine if all your SS payroll taxes had been invested in an index fund.

Makes me angry every time I do ...

[Adder]

I would like not having to touch investments until 75...

[Brian Griffin]

Many people forward much of their Social Security money to the local school district at real property tax time.

[Tolerance Sucks Rocks]

Meanwhile, the House of Representatives last week approved a retirement bill that would push out the age for required minimum distributions on certain savings accounts to 75, up from the current age of 72. That change, if it passes the Senate, would be gradually phased in by 2032.

I'm fine with retiring at 75. Either the Social Security/retiremen system gets fixed, or it either collapses or pays out much less.

You can evade reality, but you can't evade the consequences of evading reality. -- Ayn Rand

[BraveMan]

Looks like I finally timed one right. By the time they bump it to 67, I’ll BE 67 . . .

[eastsider]

… I decided that I’d rather take what I can get now while I can still get it than wait and be cheated out of it by the government.

The last thing I’l be concerned about when I stand before the judgment seat of God Almighty is whether I maximized my social security benefit.

[princess leah]

Not to mention we all get thrown onto Medicare at 65 whether we want to or NOT! Talk about the gov’t taking over!

[Brian Griffin]

My uncle lived to 101.

He was a ‘notch baby’ but he probably recovered his contributions and more in real terms.

[Texas Fossil]

Covid was just another plot to kill off those who contributed so they can continue to line their own pockets by faud and schemes.

DC is Evil.

DC is Corrupt.

It is a fatal combination.

Solve this?

Restore the Contitution

DownSize DC.

[usconservative]

Social Security’s retirement age is moving to 67. Some experts say that could go even higher

According to the Social Security Administration's website, it's ALREADY 67 for anyone born in 1962.

[NorthMountain]

money to the local school district

I'm very much on record, on this forum, opposing the very existence of government schools and the property taxes which support them.

[NorthMountain]

he probably recovered his contributions

What an amazing return on investment ...

NOT.

[Texas Fossil]

Bump.

Such an evil plot.

[week 71]

Understand. However at around 50 I plan on not having too much when I retire when I am too tired to hike the trails, ski the slopes, canoe the rivers and bike the paths ect. After 70 I think I want to grill in my backyard, spend time with the grand kids and sip on some spirits.

[Brian Griffin]

“Healthy Lives
Disabled Lives
If eligible for Social Security disability benefits
If not eligible for Social Security disability benefits”

https://www.pbgc.gov/prac/mortality-retirement-and-pv-max-guarantee/erisa-mortality-tables/erisa-section-4044-mortality-table-for-2023-valuation-dates

[Saintgermain]

I remember very well when it came up for a vote to either tax or not to tax social security, which I feel and believe shouldn’t be taxed at all, the vote was a tie. And guess which dumb A$$ was the tie breaker? No one else but that brilliant Al Gore who was vice president at the time. Doesn’t that make you feel good?

[minnesota_bound]

#11 At 67 years 6 months I would get a bit over $2,000 a month. At 70 I would get $2,600+.

[luvie]

I thought it was already that high.

[plain talk]

Thanks! Your memory is better than mine. I did not know that vote was so close.