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RVN VET71

(3,216 posts)

37. FYI, the so called "Full Retirement Age" for Social Security is now between 66 and 67

Sun Jul 4, 2021, 05:01 PM

Jul 2021

It used to be 65, but that was changed in the ‘80s.

Signing up at your FRA pays you your “full” benefit. Signing up earlier and that benefit is reduced by about 5% for each year under your Full Retirement Age.

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I can't live on $709 a month: Americans on social security push for its expansion [View all] jmbar2 Jul 2021 OP

Housing costs for seniors go up much faster than inflation RainCaster Jul 2021 #1

I was thinking of the movie Nomadland jmbar2 Jul 2021 #2

I see a lot of these folks every week RainCaster Jul 2021 #3

That book was NOT fiction. notinkansas Jul 2021 #5

Added for jmbar2 notinkansas Jul 2021 #6

I got what you meant... jmbar2 Jul 2021 #15

The elimination of fixed benefit private pensions Tomconroy Jul 2021 #4

Yes, we were told to relax on the three-legged stool of retirement; Ilsa Jul 2021 #8

401K's were supposed to take care of everything MiniMe Jul 2021 #11

It struck me at the time Tomconroy Jul 2021 #16

And blame all the employers who got rid of pensions because of 401K's MiniMe Jul 2021 #19

Could not agree more. Tomconroy Jul 2021 #22

a ridiculous notion from the start Skittles Jul 2021 #43

401k worked much better for me than a pension would have MichMan Jul 2021 #40

maybe you could pony up a few bucks for DU Skittles Jul 2021 #45

Ha! not fooled Jul 2021 #56

Pensions were never universal. Never. At best, maybe 40% of workers were covered by them. PoindexterOglethorpe Jul 2021 #46

Valid points. But 40 percent Tomconroy Jul 2021 #47

Agreed MichMan Jul 2021 #50

It might not be easy to do Tomconroy Jul 2021 #54

Biden mentioned tying minimums to poverty level bucolic_frolic Jul 2021 #7

I could live in bloody luxury on 1200 a month. n/t malthaussen Jul 2021 #12

Zero. madamesilverspurs Jul 2021 #9

Too, too true. quaint Jul 2021 #10

We get the "raise" in January leftieNanner Jul 2021 #29

I can't live on $709 a month either. panader0 Jul 2021 #13

yes older people and the disabled XanaDUer2 Jul 2021 #14

K&R Solly Mack Jul 2021 #17

If $15 is needed for minimum wage, shouldn't SS benefits match that sum? . . . Journeyman Jul 2021 #18

This is SO badly needed! ShazzieB Jul 2021 #20

We love you! Tomconroy Jul 2021 #23

You are the poster child of why the 401K trend was simply a ripoff! jmbar2 Jul 2021 #24

I just left mine alone after 2009 and they recovered MichMan Jul 2021 #57

When one spouse becomes deceased that SS payment should continue just as if s/he in2herbs Jul 2021 #21

Absolutely! jmbar2 Jul 2021 #25

I think that's the way it works. Tomconroy Jul 2021 #27

Sorry - Social Security for one spouse goes away when he dies leftieNanner Jul 2021 #30

I could be wrong, but I still think I'm right. Tomconroy Jul 2021 #34

I misunderstood what you were saying leftieNanner Jul 2021 #38

Now that I think about it Tomconroy Jul 2021 #52

As I understand it SteelReel Jul 2021 #41

Im 72 and disable Cryptoad Jul 2021 #26

This is an issue that needs to be brought up Tomconroy Jul 2021 #28

It can't come from the next generations though!! Jon King Jul 2021 #31

I disagree. Tomconroy Jul 2021 #35

The payroll tax didn't need to be raised. The income cap on the payroll tax needs to be eliminated. Sibelius Fan Jul 2021 #58

I live in one of 14 states that your SS gets "offset" if you can draw a state retirement. It is a Evolve Dammit Jul 2021 #32

Government Pension Offset? (GPO?) RVN VET71 Jul 2021 #36

You do get a reduced SS benefit of you had Tomconroy Jul 2021 #39

Mr. Bayard's parents both died within a few days of each other last year Bayard Jul 2021 #33

FYI, the so called "Full Retirement Age" for Social Security is now between 66 and 67 RVN VET71 Jul 2021 #37

Another Greenspan 'reform'. Tomconroy Jul 2021 #53

and passed by a Democratic House MichMan Jul 2021 #61

Let's pretend it's relevant! LanternWaste Jul 2021 #62

We need Liz Warren to speak out every day Tomconroy Jul 2021 #42

So where will the extra benefits come from? roamer65 Jul 2021 #44

The FICA is too low. Tomconroy Jul 2021 #48

I agree with you on the elderly. roamer65 Jul 2021 #49

Check out Japan to see what Tomconroy Jul 2021 #51

Sadly seta1950 Jul 2021 #55

now that Ronnie Raygun is dead mdbl Jul 2021 #59

Well he couldn't have done it without help MichMan Jul 2021 #60

Well what were they thinking? mdbl Jul 2021 #63