Reply to Why do people think Retirement Age is 65?

Forum Index » Money and Finances

Reply to "Why do people think Retirement Age is 65?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]The average retirement age is younger than 65, even if that doesn't maximize your social security payouts. I think people are partially responding to that. The fact is that most people don't work until 67.

I also think that there's a logical gap in this argument "Hard to believe as we are in DC bubble but according to the Govt 58% of retirees use Social Security as a major income source. 58 percent of people retiring before 67 is not going to work as they cant afford reduced payments on the thing that pays 58 percent of bills."

The fact that retirees use their social security as a major income source doesn't mean that they can't rely on the lower payouts if they retire at 65. People with lower expenses can look at the lower payout and say "this will pay my bills."[/quote]

Isn't the bigger issue for people relying on SS that Medicare doesn't kick in until 65?  It would be tough to get by on a reduced SS payout and no healthcare.  Maybe they qualify for ACA?  The system seems designed for retirement at 65. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics