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Reply to "Working well into your 70s because you can’t afford to retire. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s not country’s job to fix. They should have saved more when they were young.[/quote] My dad DID save. My mom has not had a full time job ... ever in my life. My dad got laid off a few times in his career, once right before finding out he needed open heart surgery, right at the start of the recession. Sometimes luck is not on your side. He is a hard worker. He has a master's degree. He is one of two old guys at his company. [/quote] Your mom will get SS spousal benefits even though she hasn't paid in...she also will NOT have to pay medicare part A -hospitalization - as the spouse of a payor for 40 quarters. So why didn't she work? One way to raise SS benefits for US citizens is to not pay SSI for immigrants and non-citizens lacing 40 quarters. I found out this infamy existed on a DCUM thread. FYI-they also can get medicare and subsidies-NOT the real premium. Most people don't have pensions while govt workers and teachers etc have great pensions. I was surprised at a Wash Post article where pensions were lost-overly generous pensions with extremely low retirement ages. [/quote]
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