Tag: age 70

old man looking to the sunset and the sea with opened arms feeling free and happy

An informal survey of staff at the Center for Retirement Research asking “What is the current retirement age for Social Security?” produced a range of responses. About half — mostly the “old hands” — said 67. The other half — generally younger and newer staff members — gave answers including 62, 65, 66 and 68. In my…

Birthday,Cake,With,70,Number,Candle,On,Blue,Backgraund,Set

The American Academy of Actuaries – a group of usually sober and sensible people – recently issued a brief making the case for “Raising the Social Security Retirement Age.”     Their argument is straightforward.  Social Security is running a 75-year deficit equal to 3.5 percent of taxable payrolls.  The only way to fix the problem…