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[quote=Anonymous][quote=Anonymous]Yes, they retired 20 years ago. My mom passed away last year and my Dad is probably not going to last the next year.  Dad retired at 65.

[b]I cansee that as we go along, later retirements wil be the norm.  The 65 age for retirement was set at a time when the expected age of death was near 65.  Now it is close to 80.  There is no reason wh it shouldnt be raised to 72 or 75- at least for pension and  social security payments. [/quote][/b]

Here is the problem with your suggestion: do you have any idea how difficult it is to find a job in most professions if you are laid-off in your 50s' let alone your 60s'?

Quite apart from the lack of income, there is a need for health insurance which one has to pay for oneself and that can really add up? These suggestions of a later retirement age are all well and good if one has a job but it can be a nightmare if one does not have a job.

I retired in my late 40s' but I was lucky because although I got severed when the company where I worked was sold, I was in a senior executive position and got a very generous severance package - and I was making a lot of money when I was employed and was able to save a lot of money. But if I had to find a job in my fifties it would likely have been a real challenge.[/quote]

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