beantowndog: the good news is he'll have his secretary send your family a nice card if you die at your desk.
Arkanaut: I'm not sure why subby seems to be suggesting that his wealth has something to do with his position on the retirement age. I mean, he can still retire this year and be fine regardless of when the federal retirement age is.
Dinki: beantowndog: the good news is he'll have his secretary send your family a nice card when you die at your desk.FTFY
jjwars1: On one hand I agree. On the other hand it would be nice to see more people my age and younger gainfully employed. Sadly, I don't think we can have both unless we're in a booming economy.
mod3072: Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career.So, most people don't start working until 40, retire at 65 and live to be 95? Man, I have been doing it all wrong!!
Another Government Employee: 1) Removal of the income cap on SS and Medicare.
Lawnchair: Another Government Employee:3) A slow rise in the eligibility age from the current 65-68 to 72 and raise the early eligibility age to 65.Isn't massively different than just saying 'lets cut benefit payout rates and leave cutoffs where they are'. You can currently delay SS benefits to 70 (and get bigger payouts, if you live long enough to take advantage). But, since most people currently have to take diminished payouts at 62 already, you would expect that the vast majority would take 'early' payouts at 65. Remember, most people are out of work by 63-64, and they already have Social Security incentives to work to 70.
gshepnyc: Suck me, you rich asshole. For people like you, who sit in a comfy, climate controlled office, who are shuttled around between office and your homes by chauffers and helicopters, who make more money in a day than many hard-working people make in a year, yeah, working a few more isn't a bad idea. You'll be clawing and scratching for more money on your very last day on earth, I have no doubt.But people wh actually work for a living sometimes get physically broken down by the time they are in their early 60s. What about gargage men and iron workers and other laborers, or even nurses or truck drivers?I hope someone does to you what someone did to Richard Fuld. It will be just as richly deserved.
Koalacaust: We DO need to raise the retirement age. Just because some asshat from Goldman Sachs agrees doesn't make it any less true.
Another Government Employee: He is not incorrect. SS and every other pension program in existence was designed with a life expectancy of 65-70.
Another Government Employee: He is not incorrect. SS and every other pension program in existence was designed with a life expectancy of 65-70. The longer the payout, the harder it is to fully fund it.Best fixes?1) Removal of the income cap on SS and Medicare.2) More aggressive means testing for recipients.3) A slow rise in the eligibility age from the current 65-68 to 72 and raise the early eligibility age to 65.Each works on a separate part of the problem.
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