U.S. To Raise Retirement Age to 70?

Originally posted by jude11
So how would it feel to be working at 69 yrs of age because you have to and not because you want to? Paying taxes all those years and knowing that this is the REAL reason your back and soul are destroyed?

The problem with population control is we are living too long. If you think about it, being 65 fifty years ago was a really old age...people were old, physically. I'm 52 and I look and feel better than my military buddies who were in their 40s back in the 80s. At 52 I can keep up with the young crowd quite easily in my work. That is the deal here, 70 today was 60 or even 50 in the not too distant past. So what do we do? I plan on working right up to 68 then take the next 30 years off... Not too distant past people worked to 62 and died before 70...... What do we do when the average life expectancy reached 125?

BTW, nothing says you can't retire at 40 either....

Originally posted by Xtrozero
BTW, nothing says you can't retire at 40 either....

That's right. My parents officially retired at 55, but they didn't start taking social security payments until age 67. They had a little thing called personal savings.

reply to post by kaylaluv


I planned on retiring at 45, 5 years ago . . . well, I'm 5 years away from that I there is no way I'm thinking about that now. (By "retired" I mean no more 9a-5p (or 6a-10p!) but just doing non-profit or something.)

However, I was lucky to have someone beat the idea of not relying on gov services (SS) to get me through life. I wish there was a way to ask the gov for all of my contribution now and forfeit my eligiblity for future years.

reply to post by kaylaluv


Hush you fool, do you think those fat politicians will work till 65?
Tell your statement to a metal worker or a woodworker...

National Healthcare, the Death Book and raising the retirement age will culminate into savings to be distributed through Entitlements/Socialism. Far fewer people will actually live to retirement age after the best healthcare on the planet goes through it's inevitable transformation of denied procedures by death panels run by the Fed. It all adds up to more money to be redistributed. The Liberal way of saving SS.

Originally posted by jimmiec
National Healthcare, the Death Book and raising the retirement age will culminate into savings to be distributed through Entitlements/Socialism. Far fewer people will actually live to retirement age after the best healthcare on the planet goes through it's inevitable transformation of denied procedures by death panels run by the Fed. It all adds up to more money to be redistributed. The Liberal way of saving SS.

Aaaaand... we're back to conspiracies. So much for logic and reason....

Well, I have a great idea. They changed their retirement plan after I already signed up. So they can pay me every last penny that me and my employers paid into social security with the appropriate interest for each year. Then I will take care of myself. Lets see....Nearly 50 years worth at 12.4% of my income (with a few years of 10.4%). I would be quite well off. We the people, deserve a retirement plan that the government isn't thieving from to the point of insolvency. Why should I have to work extra long because of their sticky fingers? This just isn't going to fly.

reply to post by kaylaluv


It is no conspiracy. It is how it will happen. It is inevitable. There is no other way to fund SS without a complete overhaul which the Democrats have rejected. No conspiracy here. Just common sense informed analysis.

Originally posted by jimmiec
reply to post by kaylaluv

 

It is no conspiracy. It is how it will happen. It is inevitable. There is no other way to fund SS without a complete overhaul which the Democrats have rejected. No conspiracy here. Just common sense informed analysis.

Death panels + socialism = conspiracy. Obama is not a socialist, there are no death panels.

reply to post by jude11


If i could live forever, i would work forever.

retirement is a byproduct of aging, and as the limits of our lives are extended so to must retirement age.

Originally posted by elouina
Well, I have a great idea. They changed their retirement plan after I already signed up. So they can pay me every last penny that me and my employers paid into social security with the appropriate interest for each year. Then I will take care of myself. Lets see....Nearly 50 years worth at 12.4% of my income (with a few years of 10.4%). I would be quite well off. We the people, deserve a retirement plan that the government isn't thieving from to the point of insolvency. Why should I have to work extra long because of their sticky fingers? This just isn't going to fly.

edit on 20-1-2013 by elouina because: (no reason given)

I like the idea but unfortunately I just can't see much success in collecting.

Remember that if the Govt. owes you, they take their time. When you owe them they want it yesterday.

Originally posted by Wertdagf
retirement is a byproduct of aging, and as the limits of our lives are extended so to must retirement age.

How dare you use common sense in this thread! This is a conspiracy thread! The evil Reptilian shape-shifters are after our money and our souls!!

reply to post by jude11


Here's a wacky, novel idea!

As I'm nearing 50 ( ) I have never, will never plan on ANY check from the government! I will NOT be shoe-horned into living by what THEY deem appropriate through the money that THEY let me have back!

I'm planning my own retirement and will leave (the workforce) WHEN I want, HOW I want, and live HOW I determine I want to live!

Who's going to take care of the children?

(March 2012) Growing numbers of children in the United States are living with a grandparent. In 2010, about one in 14 U.S. children (7 percent) lived in a household headed by a grandparent—for a total of 5.4 million children, up from 4.7 million in 2005.1

www.prb.org...

And just how much are they going to contribute tax wise? They are low wage earners:

www.advisorperspectives.com...


Also taking into consideration that many aren't capable of working many of the jobs out there but don't exactly qualify for disability, Walmart only has so many greeter positions. The plan also takes jobs from the younger groups.

reply to post by kaylaluv


Obama brought the Death Book back and it is in fact part of National Healthcare. Wealth distribution is Socialism. He is a Socialist, He does not identify himself as such but his actions identify him as such.

reply to post by jimmiec


So when bush was POTUS and he was ok with social security and allowing people to get homes at amazingly LOW intrest rates with little to no garantees of their ability to pay the loans....

Did that make him a socialist too?

reply to post by MrMaybeNot


Does your pensions over there get halved at a certain age?

reply to post by kaylaluv


Does that sound reasonable to you? They want you to have a whopping 3 years of rest before you croak..... That doesn't sound reasonable to me at all....... Paying in 50+ years to get a few good years rest, how retarded! Manage your own retirement if you can folks.

Retirment age, even here in Canada, should be raised to more like 80.

Retirement age of 65 was bought in in the early 30's, when social security was first introduced, when life expectancy was low 70's. People were expected to enjoy their last 5-10 years without working.

Now, people are regularly living into their 90's and retirement age hasn't changed in 80 years. People are living 20-30 years past retirement age and the cost of their pensions are crippling government and pension funds.

It's time that retirement age was raised, and not just to 70.

reply to post by babybunnies


Yeah, lets punish people for having better health! How dare they wait so long to croak, those bastards! We should just put our old people to sleep like the dogs they are.

Bottom line, people are forced to pay the inept government, and accept whatever they give them back. Are you telling me, they are so #ty at managing money, that they cannot take what a person pays in for 50+ years, and be able to turn that money into enough to support them for 30? That is unacceptable, instead of punishing folks for leading healthy lives, maybe they should, I don't know, hire an accountant that knows their ass from their forehead? Or stop dipping into that money to pay for other things perhaps?