10. The full retirement age is not 70 already. The full retirement age
Edited on Wed Aug-11-10 08:14 AM by doc03
for me is 66 and it gradually increases to 67 depending on your year of birth. SS is based our average life span of about 77 if you make it to 77 you receive the same total benefits no matter what age you retire. They are betting you die by 77. For me at age 62 I get 75% of the full retirement amount for age 66. If you work until you are 70 of course you get more money.
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