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Investing/Strategies / Retirement Investing
|Subject: Re: Enron and Social Security||Date: 1/29/2005 3:44 PM|
|Author: 3muttsmom||Number: 44303 of 77331|
raising the age where a retiree becomes benefits elligible
I see this as an option all the time, listed with the other two.
But, realistically, how would this work for those who actually depend on SS to fund a portion or all of their retirement?
Where I work, it seems VERY RARE for anyone to make it past 55 before being cut in the annual downsizing (or, as one manager so aptly put it, the Thanksgiving Day Massacre :)).
If the business community is not on board to retain the older workers, what happens to "retirees" who cannot find work during the 10+ years waiting on their SS benefits to kick in?
MHO is to re-index the increases to the CPI, even though many know that what the "average" consumer spends $$ on rarely imitates what retirees spend their $$ on.
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