Romney/Ryan want to: 1) For any one under age 55 raise retirement age for SS/Medicare to age 67. Why is that so bad for people age 55 and over today? It won't affect their payments. Nothing changes for them. And for those UNDER age 55, So instead of receiving payments at age 65, people would have two more years to pay in. Instead of money going out at age 65, money will still be coming in. It is that simple.