So, it is being tossed around yet again. The idea to
increase the retirement age once again. Let us discuss what is being
considered.
At what age do they want you to retire: Well, at current, the retirement
age for social security for my generation is 67. This is due to the
change made by President Ronald Reagan for my generation and those that will
come after. This my dear readers was great as it made sure that at least
my parents will get to see some of the money they put into the Social Security
system. But this is not enough for my generation. In fact, those
who retire early and collect at the earlier retirement age of 62 are harming
the chances of Social Security still being there. Also, although it is
good I can't retire and receive Social Security till I am 67, it still does not
increase the chances of keeping the social welfare program around beyond 2035
(an estimate based on the board of trustees who govern Social Security).
So the proposal that is going around is to increase the minimum
retirement age to 64 with the same penalty, and the main retirement age to 70.
I don't think I need to tell you that this will ensure Social Security
will be around a little longer as it has worked before. Additionally,
this will not affect people already retired or those within 20 to 30 years of
retiring. It will only affect those who have at least 3 or more decades
before they can retire. This ensures that these individuals both born and
unborn can plan, and work in a way that will make it so they can live the way
they want up until the new retirement age hits. This ensures some level
of fairness.
Conclusion: Social Security is a beloved
welfare program that has been around since the late 1930s as a method to help
people retire earlier so as to make way for younger workers to enter the
workforce. If you don't believe me, you simply have to read President
FDR's speeches on the subject. As it is such a loved program, people want
to keep it around, and thus methods abound are being proposed, but ultimately
not implemented due to fear of reprisal from the American Populace. So I
am here to tell you all that at least I am willing to wait that extra couple of
years to retire, so that Social Security can last long enough to help the baby
boomers live out their twilight years. In fact, I would say get rid of
the early retirement age completely so that more money can be saved, and then
deny benefits to those making a specific level of income per year after they
retire. Those two things would benefit everyone greatly and we may even
be able to afford to give those people with the least a little more money so
that they can survive without having to resort to other welfare programs and
the stress of applying and staying on them. I want to protect our
seniors, so I am willing to make the sacrifice. Are you?
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