The SS tidbit I haven't seen in the press is younger than 52 your retirement age is already 67. [View all]

[hootinholler]

Last edited Sun Dec 30, 2012, 07:06 PM - Edit history (2)

Is that for anyone born since 1960, the retirement age is already 67!

Full retirement age (also called "normal retirement age&quot had been 65 for many years. However, beginning with people born in 1938 or later, that age gradually increases until it reaches 67 for people born after 1959.

The 1983 Social Security Amendments included a provision for raising the full retirement age beginning with people born in 1938 or later. The Congress cited improvements in the health of older people and increases in average life expectancy as primary reasons for increasing the normal retirement age.

What will they do? They gonna bump it up to 70?

Back in '83 St Ronnie sold this load to the people and they didn't touch the income cap to pay for it, they bumped the withholding for everyone below the cap.

The obvious answer is as suggested by Bernie The Grey of Vt, to simply lift the cap and tax all wages, which kicks the can another 50+ years.