Obama; No Privatization of SS, but everything should be on the table.

[Alamom]

This statement is at the end of this article and of great interest to my spouse and me. Cutting benefits and raising the retirement age is not the safety net we have worked for and paid into 40+ & 20+ years (spouse is still working & paying @ 62)

When you're 40 or even 50, 67 or 70 may not seem to be too bad. But when you've worked 40 years and you may be looking at 10 more, that's a long time & then consider reduced benefits.

People are living longer and healthier as a whole, but after 55-60, health problems start to creep in....earlier for many people. Also, consider this, age discrimination in the job market.
They can raise the retirement age but they do not enforce any type of age discrimination policies. Companies do not want to hire someone over 50-55 no matter how healthy when they have 20-30 year old people standing in line for jobs.
We've going through this and it's no cake walk even with planning & saving for 30 years.


Opinions? & please state age.




http://www.chicagotribune.com/news/local/chi-070513obama,0,7674442.story


by Mike Dorning
Chicago Tribune (MCT)
14 May 2007



On the politically tricky dilemma of bolstering the Social Security system, Obama said “everything should be on the table,” including politically painful choices such as higher taxes, a reduction in benefits and an increase in the retirement age at which Americans become eligible to collect their Social Security pension.

But Obama said even a partial privatization of Social Security “is not something that I would consider.”

“Social Security is that safety net that can’t be frayed and we shouldn’t put at risk,” Obama said.






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http://www.ssa.gov/pressoffice/IncRetAge.html

For persons born in 1938 or later, their Social Security benefit may be affected by a provision that raises the age at which full Social Security benefits are payable.
The age for collecting full Social Security retirement benefits will gradually increase from 65 to 67 over a 22-year period beginning in 2000 for those retiring at 62.
The earliest a person can start receiving reduced Social Security retirement benefits will remain age 62.
Increase in Age for Receiving Full Social Security Benefits

Year of Birth - Full Retirement Age

1937 or earlier 65

1938 - 65 and 2 months

1939 - 65 and 4 months

1940 - 65 and 6 months

1941 - 65 and 8 months

1942 - 65 and 10 months

1943 thru 1954 - 66 (This is our bracket. b. 44 & 52)

1955 - 66 and 2 months

1956 - 66 and 4 months

1957 - 66 and 6 months

1958 - 66 and 8 months

1959 - 66 and 10 months

1960 and later - 67



edgr