View Poll Results: Should SSI Retirement Be Set At 70?

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  • Yes

    14 29.17%
  • No

    28 58.33%
  • Maybe (explain)

    6 12.50%
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Thread: Should Retirement Age Be Raised to 70?

  1. #21
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    Re: Should Retirement Age Be Raised to 70?

    20 years out means 30-somethings. The Gen-X'ers. There's not as many of them as there are of us Boomers. The age doesn't need to be raised. It's not a mandatory thing anyway. You don't ever have to retire if you don't want to.

    As far as taking away benefits from the well heeled, that would be stealing, plain and simple.

    Keep it at 67.5. What difference will 2.5 years really make?

  2. #22
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by Mickey Shane View Post
    20 years out means 30-somethings. The Gen-X'ers. There's not as many of them as there are of us Boomers. The age doesn't need to be raised. It's not a mandatory thing anyway. You don't ever have to retire if you don't want to.

    As far as taking away benefits from the well heeled, that would be stealing, plain and simple.

    Keep it at 67.5. What difference will 2.5 years really make?
    It's just a baby step, see after they do that a few more years down the road they'll have to do it again to make it fiscally sound.

    Realistically, it's much more palatable to take away from gen x and y, than to do anything to make boomers butt hurt.
    They have more votes.
    Last edited by Harry Guerrilla; 08-10-10 at 09:34 AM.
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  3. #23
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    Re: Should Retirement Age Be Raised to 70?

    Social Security needs to exist for people who are, by virtue of age or disability, unable to continue working.

  4. #24
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by Korimyr the Rat View Post
    Social Security needs to exist for people who are, by virtue of age or disability, unable to continue working.
    You may have a point with disability but as far as age goes, there's this novel invention called a bank.
    People should use it.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Should Retirement Age Be Raised to 70?

    If not privatized, it badly needs to have the age raised. After all, this is not what it was intended for.

    Back in the socialist New Deal days, it was set at 65 years old. One problem - the average American lived to be 62 years old in that day.

    The average lifespan of America today? 78 years old. Social Security was designed for people who "beat the system" with regards to lifespan. The difference is that the pay-in to pay-out ratio in those days was approximately 16 to 1. Today it's less than 4 to 1. That means that today there are four times more people who collect than back then when you compare to those who pay into the system.

    Social Security was designed to fail from a long-run perspective. It should be abolished completely, or at least updated to today's standards.

  6. #26
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    Re: Should Retirement Age Be Raised to 70?

    We have far too many "public servants".
    Decrease this number by 50%; I see no earthly need for 535 representatives and 100 senators..
    What do they really do to earn their money?
    Leave the retirement age as is.
    I have the notion that the Libertarian agenda is to revert our nation back to the 1600s.

  7. #27
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    Re: Should Retirement Age Be Raised to 70?

    Or maybe Libertarians are the only ones who know that the system is broken.

    Yeah, I'll vote for that option.

  8. #28
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by Korimyr the Rat View Post
    Social Security needs to exist for people who are, by virtue of age or disability, unable to continue working.
    People lived, prospered and made better lives for themselves before the existance of Social Security - they can again. If it MUST continue to exist, I agree with other posters - that the money needs to stay in the SS realm and not used as a bucket of money for every pet project that comes down the pike. If it MUST exist, reform is best, but if not and it continues to be abused - the only way to keep it solvent is to extend the age limit so the pet projects can continue to funded, and the people who pay into it, continue to be robbed.
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  9. #29
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    Re: Should Retirement Age Be Raised to 70?

    I voted "no," because I've got a better idea.

    In the interest of having a little honesty in our government, let's tell everybody under a particular age (say 50, for example), "Sorry, but you're never going to see a dime."

    Once the last qualified recipient is dead, we give everybody the option of either keeping that portion of their weekly tax burden (which would be taxable income like something else) or sending it to an investment fund to be forever tax-free.

    It's not the best solution, but our government is too broken to do any better than that.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

  10. #30
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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by reefedjib View Post
    We have to raise it because the projections are that it will grow beyond the amount of money we take in for it, eliminating the excess they use for general funds and eating into the budget. Raising the age to 70 will reduce the costs and grow the revenue. It will still grow, but be paid for for longer. The next beast to tackle will be Medicare, which is growing faster than SS.
    AGree with you on Medicare.

    The government has already increased the retirement age to 67 for people born 1960 and later. Increasing the retirement age is another way of saying, "We're cutting your benefits." The system's a mess. (BTW, here's the link that shows that unless one was born 1938 or earlier, nobody's getting full benefits at 65.) http://www.socialsecurity.gov/retire2/agereduction.htm
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