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Author: PMcMullenCT Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5267  
Subject: Re: The Transition Cost. Date: 1/16/2001 8:55 PM
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Taxes were low when social security started because the benefits paid out were also low. As more people retired, the taxes had to be raised.

Maybe rather than adjusting taxes, the retirement age should have been adjusted. SS payments rise as the cost of living rises. Why not raise the retirement age, as life expectancy increases?

When average life expectancy was 67, nobody considered retiring at 47 to spend 20 years poolside in Florida, but now that people regularly live into their mid 80's, people must consider financing a retirement that lasts as long as their working years.
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