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Actually people who work longer and keep their minds and bodies active generally live longer, healthier lives. If you can be disciplined with spending, creative in investing, and make your money earned in your first 50+ yrs. in the job force work for you, all this means is that you will not begin receiving your SS benefits until age 70. It is not a sentence to "stay in the work force" until age 70.
As early as age 59.5 one may begin taking draws form IRA's and Roth retirement accounts. I wouldn't recommend it if you want retirement funds to last but it IS and option for those who chose to save for their later years.
I've often wondered why people no longer look at life insurance as a retirement plan as well. A whole life purchased in the first 5 years of life really builds up with dividends if one invests for 50+ years.
Folks need to return to depending upon themselves and their families rather than the government for their security in later years.
Ensuring there's enough money to pay for the war will require reforming the country's entitlement system, Boehner said. He said he'd favor increasing the Social Security retirement age to 70 for people who have at least 20 years until retirement, tying cost-of-living increases to the consumer price index rather than wage inflation and limiting payments to those who need them.
"We need to look at the American people and explain to them that we're broke," Boehner said. "If you have substantial non-Social Security income while you're retired, why are we paying you at a time when we're broke? We just need to be honest with people.
with obamacare taking money from SS, it may be needed.
Not to mention the fact that when SS was first implemented, most people didn't live long enough to use it. Now, people expect to retire on it for 20 years.
Ensuring there's enough money to pay for the war will require reforming the country's entitlement system, Boehner said. He said he'd favor increasing the Social Security retirement age to 70 for people who have at least 20 years until retirement, tying cost-of-living increases to the consumer price index rather than wage inflation and limiting payments to those who need them.
"We need to look at the American people and explain to them that we're broke," Boehner said. "If you have substantial non-Social Security income while you're retired, why are we paying you at a time when we're broke? We just need to be honest with people.
This sounds like the same idea they have for controlling Medicare costs. Here is a portion from the CBO analysis:
• The age of eligibility for Medicare would increase incrementally from 65 (for people born before 1956), as it is under current law, to 69 years and 6 months for people born in 2022 and later.
As early as age 59.5 one may begin taking draws form IRA's and Roth retirement accounts. I wouldn't recommend it if you want retirement funds to last but it IS and option for those who chose to save for their later years.
Or 55 from a 401k, or just about any age if you 72t it and know what you're doing.
Actually people who work longer and keep their minds and bodies active generally live longer, healthier lives. If you can be disciplined with spending, creative in investing, and make your money earned in your first 50+ yrs. in the job force work for you, all this means is that you will not begin receiving your SS benefits until age 70. It is not a sentence to "stay in the work force" until age 70.
As early as age 59.5 one may begin taking draws form IRA's and Roth retirement accounts. I wouldn't recommend it if you want retirement funds to last but it IS and option for those who chose to save for their later years.
I've often wondered why people no longer look at life insurance as a retirement plan as well. A whole life purchased in the first 5 years of life really builds up with dividends if one invests for 50+ years.
Folks need to return to depending upon themselves and their families rather than the government for their security in later years.
Your post is reasonable and logical, but it is the fact that Boehner is speaking selfishly and hypocritically that makes this issue contorversial. His continuing to advocate for keeping the Bush tax cuts for the rich is so not in line with what he is advocating for with the Social Security age issue. Not everyone has had the same benefits or career continuity to fall back on personal safety nets. Boehner will speak to a lobbyist for the modest sum of $100,000 a pop. He cannot relate to the citizen that has lost a business or job due to health issues, bad economy or just plain bad luck. Most of all, he does not care. He is blatantly corrupt, selfish and out of touch with the average working American. My father worked from the age of sixteen until he was 68. Did all the right and responsible things. He has a bad leg and his vision is poor. I would have been very upset if he were forced to work longer due to a $hit such as Boehner just to earn what was coming to him to make his retirement life easier. My response to this orange hued representative is..."go f#%k yourself!!!".
Your post is reasonable and logical, but it is the fact that Boehner is speaking selfishly and hypocritically that makes this issue contorversial. His continuing to advocate for keeping the Bush tax cuts for the rich is so not in line with what he is advocating for with the Social Security age issue. Not everyone has had the same benefits or career continuity to fall back on personal safety nets. Boehner will speak to a lobbyist for the modest sum of $100,000 a pop. He cannot relate to the citizen that has lost a business or job due to health issues, bad economy or just plain bad luck. Most of all, he does not care. He is blatantly corrupt, selfish and out of touch with the average working American. My father worked from the age of sixteen until he was 68. Did all the right and responsible things. He has a bad leg and his vision is poor. I would have been very upset if he were forced to work longer due to a $hit such as Boehner just to earn what was coming to him to make his retirement life easier. My response to this orange hued representative is..."go f#%#k yourself!!!".
Sic, yoiu are mixing taxes. the bush tax cuts have no impact on SS. None what so ever.
if the Bush tax cuts were repealed and we even added 5% on top of the old tax rate, it would have ZERO impact on SS.
So what? He was a national figure and he represented what republicans had been saying for 20 years by the time he gave that speech.
beyond that there have been dozens of attempts to reform SS and democrats have blocked all meaningful reforms to SS.
SS is a democrat failure and democrats have protected their failure at all costs for more than 50 years.
the point here is that John Boehner is a messenger speaking about the fact that the democrats have failed the American people and Liberals on CD are mad at him.
He was a freaking actor. It'd be like George Clooney or Brad Pitt trying to get political today. Yeah they do, but very few people listen to them.
What attempts lately, other than the Bush privatization effort that was stupid.
Your post is reasonable and logical, but it is the fact that Boehner is speaking selfishly and hypocritically that makes this issue contorversial. His continuing to advocate for keeping the Bush tax cuts for the rich is so not in line with what he is advocating for with the Social Security age issue. Not everyone has had the same benefits or career continuity to fall back on personal safety nets. Boehner will speak to a lobbyist for the modest sum of $100,000 a pop. He can not relate to the citizen that has lost a business or job due to health issues, bad economy or just plain bad luck. Most of all, he does not care. He is blatantly corrupt, selfish and out of touch with the average working American. My father worked from the age of sixteen until he was 68. Did all the right and responsible things. He has a bad leg and his vision is poor. I would have been very upset if he were forced to work longer due to a $hit such as Boehner just to earn what was coming to him to make his retirement life easier. My response to this orange hued representative is..."go f#%#k yourself!!!".
Keeping capital gains taxes at current levels actually helps those who are investing for their retirement. True, it doesn't affect those funds invested/sold directly within retirement accounts but many people who cannot save enough via a ROTH because of limits on the self-employed are investing in their retirement through regular savings accounts.
Again, look at the dates proposed for implementation in Medicare. I don't believe it affects those currently in the system but those who have yet to enroll. If the SS retirement age mirrors this, what is the real problem?
The outrage of "earning what was coming to him" seems not to be well thought out as those who have invested their own money will be deprived of what is rightfully theirs if/when the capital gains rates are increased from current levels. People earning less than $250,000./yr WILL have their taxes raised.
Your post is reasonable and logical, but it is the fact that Boehner is speaking selfishly and hypocritically that makes this issue contorversial. His continuing to advocate for keeping the Bush tax cuts for the rich is so not in line with what he is advocating for with the Social Security age issue. Not everyone has had the same benefits or career continuity to fall back on personal safety nets. Boehner will speak to a lobbyist for the modest sum of $100,000 a pop. He cannot relate to the citizen that has lost a business or job due to health issues, bad economy or just plain bad luck. Most of all, he does not care. He is blatantly corrupt, selfish and out of touch with the average working American. My father worked from the age of sixteen until he was 68. Did all the right and responsible things. He has a bad leg and his vision is poor. I would have been very upset if he were forced to work longer due to a $hit such as Boehner just to earn what was coming to him to make his retirement life easier. My response to this orange hued representative is..."go f#%k yourself!!!".
Trying to sidestep the rules are you? Let the profanity filters do their thing.
All this hate, because of a 3% tax break for the top income earners? Is 35% federal income tax just to low in your opinion, and gets you frothing mad?
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