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Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,145,129 times
Reputation: 2677
Quote:
Originally Posted by HappyTexan
The boomers will be the first generation to contribute more than they get back.
And full retirement for them ranges from 65-67.
Didn't they extend that to 70 already for those of us at the end of the Boomer's (born 1962 to 1964)? I could have sworn my last statement said early retirement for me was 67.. full-retirement at 70. Must go find that statement......
I do not call an article that begins as this one does as impartial:
" It's bad enough that we've been forced to bail out Wall Street. But now the Obama administration is hatching plans to raid our retirement savings, too."
I keep forgetting life was just peachy right up till 1/20/2009.
I do not call an article that begins as this one does as impartial:
" It's bad enough that we've been forced to bail out Wall Street. But now the Obama administration is hatching plans to raid our retirement savings, too."
I keep forgetting life was just peachy right up till 1/20/2009.
What members of Congress or from the White House were considering using private savings as a way to pay off the $16 trillion before Obama and his Democrat controlled Congress started looking that direction. Yep, that date was the beginning of the end of our private savings accounts. I guess they reasoned that if they could rape Social Security so many years they may as well go after private savings that the government had been pushing so hard for so long.
Didn't they extend that to 70 already for those of us at the end of the Boomer's (born 1962 to 1964)? I could have sworn my last statement said early retirement for me was 67.. full-retirement at 70. Must go find that statement......
Full benefit age depends on your birth year. The current minimum age 67 for those born in or after 1960.
Postponing the draw on full benefits up to age 70 is optional and when done, increases the receipient's monthly income, thereafter.
Ryan/Romney called for slowly increasing the retirement age to account for increased longevity and was embraced by Simpson-Bowels.
Opponents to this approach reportedly argue that such an across the board plan would likely hurt lower income folk moreso because so many perform physically demanding work that they cannot sustain.
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,145,129 times
Reputation: 2677
Quote:
Originally Posted by middle-aged mom
Full benefit age depends on your birth year. The current minimum age 67 for those born in or after 1960.
Postponing the draw on full benefits up to age 70 is optional and when done, increases the receipient's monthly income, thereafter.
Ryan/Romney called for slowly increasing the retirement age to account for increased longevity and was embraced by Simpson-Bowels.
Opponents to this approach reportedly argue that such an across the board plan would likely hurt lower income folk more so because so many perform physically demanding work that they cannot sustain.
Yep... just pulled out both hubby and my statements... He born in 60.. me in 62.. And what does he do? Physically demanding work, so I guess we are going to be the test rats in this experiment.
Didn't they extend that to 70 already for those of us at the end of the Boomer's (born 1962 to 1964)? I could have sworn my last statement said early retirement for me was 67.. full-retirement at 70. Must go find that statement......
Early retirement is still 62 for everyone.
Full retirement ranges from 65-67
You get extra if you hold off til 70
Get used to it ya stinkin' conservatives what is yours is mine and what is mine is mine
even if you sat on your ass then think you deserve a dime of what you are sucking off people now. Actually since we are heading toward it anyway, a fabian society will just get rid of a lot of the leaches. Of course you don't have a clue lol
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