View attachment 788725
#1 Average Life Expectancy in the US is 77 not 95.
#2 Raising the retirement age is a cut in benefits either through (a) dieing before you draw anything or (b) drawing for fewer years. Any way you slice-n-dice it raising the retirement age is intended to cut benefits.
#3 For those of us over 50 out retirement from SS has ALREADY been cut 3 times, how many more cuts are to come?
- Raising the retirement age from 65 to 67, which is a cut (see #2 above).
- Paying income tax over a very low threshold on 50% of SS benefits. Done in the early 80's. A cut since you have to pay back in taxes part of your benefits.
- Paying income tax over a very slightly higher, but still low threshold on 85% of SS benefits. Done in the early 90's. A cut since you have to pay back even more in taxes part of your benefits.
WW