Quote:
Originally Posted by SunnySide
I care about SS. Been paying into it since I was 14 working at baskin robins.
I just assume there will be nothing for me in 20 or so years when Im eligible.
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Fair to say the unspoken (or maybe spoken) point of raising the age limit for SS .. is so people die off and dont get to collect on what they put in?
Sounds .. a little morbid.
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No the point isn't to have people die off, the point is to cut benefits.
You can still file as early as age 62, but you take a reduced benefit the earlier you take it. Raising the retirement age is basically a cut in benefits since you have to wait longer to receive your full unreduced benefit, so if they raise the age from 67 to 70 for example you're taking a bigger cut if you file at age 62 as they are increasing the reduction factor.