Reply #15

In the discussion thread: Lower Social Security Eligibility to 55; Raise Benefits By 15% [View all]

Fri Aug 10, 2012, 12:01 PM

ProSense (98,056 posts)

15. Then boost it by whatever makes sense.

If you boosted the amount by 15% that is still a huge cut from normal retirement age.

All this would do is give extra funds to those who can afford to retire without social security. For those who are forced into early retirement it means a life of reduced payments.

...boost it by whatever makes sense. Frankly, a 15 percent increase at 62 would make sense. Are you arguing against temporarily reducing the retirement age to 55?

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60 replies	Author	Time	Post
Lower Social Security Eligibility to 55; Raise Benefits By 15% [View all]	ProSense	Aug 2012	OP
Works for me.	1-Old-Man	Aug 2012	#1
+1	hedgehog	Aug 2012	#33
A lot of people get their health insurance through work, so unless you also move the age for	still_one	Aug 2012	#2
Just moving Medicare eligibility to 50	Patiod	Aug 2012	#3
You really think people will want to start their own businesses at 50?	dkf	Aug 2012	#14
You're thinking "entrepreneur" and I'm thinking consultant	Patiod	Aug 2012	#17
“... the highest rate of entrepreneurial activity belongs to the 55-64 age group."	acamp	Aug 2012	#20
Is that when they start their entrepreneurship or the only ones left?	dkf	Aug 2012	#43
Starting a business	acamp	Aug 2012	#59
You also get to the point where you realize it's far riskier putting your fate...	acamp	Aug 2012	#60
Hell yes, they would.	Jackpine Radical	Aug 2012	#29
Right. All that intellectual capital should be squandered.	Scuba	Aug 2012	#35
I started my own business at 44	Lydia Leftcoast	Aug 2012	#55
+1. The problem is health insurance, not SS.	Dawgs	Aug 2012	#4
The problem is both. n/t	FourScore	Aug 2012	#5
The	ProSense	Aug 2012	#7
Interesting. There's all kinds of good stuff "buried" in ACA.	Hoyt	Aug 2012	#8
Fact sheet says only 31% of employers are providing benefits to retirees.	dkf	Aug 2012	#9
That	ProSense	Aug 2012	#12
Can be but will be?	dkf	Aug 2012	#16
What nonsense.	ProSense	Aug 2012	#18
That program is out of money	antigop	Aug 2012	#24
Solution:	ProSense	Aug 2012	#26
That bill hasn't gone anywhere and I don't expect it to go anywhere n/t	antigop	Aug 2012	#41
You went from	ProSense	Aug 2012	#47
It wasn't a "silly point" -- it was a fact -- the program is out of money	antigop	Aug 2012	#50
Besides, the whole program is a stupid idea.	antigop	Aug 2012	#42
Your comment	ProSense	Aug 2012	#46
My comments make perfect sense if you understand how the ERRP worked. n/t	antigop	Aug 2012	#49
Early Retirement	Chef	Aug 2012	#6
No one should be forced to retire who doesn't want to, and who can still do	kestrel91316	Aug 2012	#10
I was forced to retire because of a layoff.	RebelOne	Aug 2012	#40
The formula reduces benefits for every month of early retirement.	dkf	Aug 2012	#11
Then boost it by whatever makes sense.	ProSense	Aug 2012	#15
Do you know how much you need to save to retire comfortably?	dkf	Aug 2012	#19
Well	ProSense	Aug 2012	#21
Too many don't think things through.	dkf	Aug 2012	#25
Yeah,	ProSense	Aug 2012	#30
I did think things through and I am underwater right now!	CreekDog	Aug 2012	#31
+1,000. Thanks for that.	freshwest	Aug 2012	#39
That 2 million figure is way out of touch with reality...median income in the US is around 46,000	Bluenorthwest	Aug 2012	#57
I think it'd be politically impossible to make it temporary.	Kaleva	Aug 2012	#28
Wait 13 more years please.	ileus	Aug 2012	#13
....And the way to finance this is...	EdinGA	Aug 2012	#22
Senator Tom Harkin, democrat!	Citizen Worker	Aug 2012	#23
Makes no sense at all.	upaloopa	Aug 2012	#27
Where did you get this 'force people to retire' meme?	Bluenorthwest	Aug 2012	#56
The idea was to raise the amount of social security paid and people retire at 55 so younger people	upaloopa	Aug 2012	#58
Instead of bailing out the banks,	penndragon69	Aug 2012	#32
I like it	Lefty Thinker	Aug 2012	#34
Thom Hartman also suggests lowering S.S. age eligibility.	chknltl	Aug 2012	#36
I've been saying this for ages	mcar	Aug 2012	#37
Sounds like a great idea and one that would actually help the economy.	sabrina 1	Aug 2012	#38
HUGE K & R !!!	WillyT	Aug 2012	#44
Yes!	truebluegreen	Aug 2012	#45
it's another measure of how corrupt Washington is that they have discussed doing the exact opposite	yurbud	Aug 2012	#48
My husband would retire today if he got full benefits.	CrispyQ	Aug 2012	#51
What about folks who want to continue to work past 55?	MadHound	Aug 2012	#52
Those who want to work would have that option. There would just be another option.	Bluenorthwest	Aug 2012	#53
We pay for this by taxing the rich.	TBF	Aug 2012	#54

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