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Every Thing Else Board
Should Social Security Raise Its Retirement Age
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<blockquote data-quote="cross_7" data-source="post: 1061758" data-attributes="member: 8382"><p>I aint the sharpest tool in the shed, but if you take in ss from working people and raise the age limit as to when they can retire, so you are taking in for a longer period of time and paying out for a shorter time or not at all because some will die before they ever get chance to collect, so yes it should work but how does that help the poor working man ?</p><p></p><p>In doing so doesn't this make ss a very expensive insurance policy against disability and not a retirement plan</p><p>I mean if I choose to retire at 62 and the age limit for ss is 70 then I can't see it as a form of retirement savings.</p><p>So the only benefit I see is it is a disability insurance and I don't see it being that great, if you were disabled you couldn't live of ss alone or if you did if wouldn't be much of a living.</p><p>I had much rather have my ss contributions paid into a personal retirement plan so that I could plan for my own future, but that's not an option because ss has been robbed over the years so they depend on the incoming contributions to pay the people drawing today because everything they paid in was stolen/mismanaged.</p><p>The whole government system is broken</p></blockquote><p></p>
[QUOTE="cross_7, post: 1061758, member: 8382"] I aint the sharpest tool in the shed, but if you take in ss from working people and raise the age limit as to when they can retire, so you are taking in for a longer period of time and paying out for a shorter time or not at all because some will die before they ever get chance to collect, so yes it should work but how does that help the poor working man ? In doing so doesn't this make ss a very expensive insurance policy against disability and not a retirement plan I mean if I choose to retire at 62 and the age limit for ss is 70 then I can't see it as a form of retirement savings. So the only benefit I see is it is a disability insurance and I don't see it being that great, if you were disabled you couldn't live of ss alone or if you did if wouldn't be much of a living. I had much rather have my ss contributions paid into a personal retirement plan so that I could plan for my own future, but that's not an option because ss has been robbed over the years so they depend on the incoming contributions to pay the people drawing today because everything they paid in was stolen/mismanaged. The whole government system is broken [/QUOTE]
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Should Social Security Raise Its Retirement Age
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