Tag: full retirement age
With the projected depletion of the Social Security trust fund assets in the 2030s, policymakers are looking for ways to bridge the gap. One of the major proposals is to increase the retirement age. Certainly, with average life expectancy increasing, longer careers could be one way to ensure an adequate retirement with less reliance on…
Social Security supplies a substantial share, and often the majority, of a retiree’s income. For these older workers delaying signing up for their benefits is often a smart strategy. For every year they wait, the delay will increase the size of their monthly checks by 7 percent or more. But, as researchers Suzanne Shu and…
