Tag: working longer
We, too, should restore balance to our system, but inequality precludes an across-the-board increase. Denmark recently raised its retirement age to 70 for Danes born in 1971 or later. Should we do the same thing? The answer is two-fold. On the one hand, Congress should enact legislation to restore balance to our Social Security system,…
Two different measures tell a similar story. Working longer has been generally accepted as good advice for a secure retirement. It directly increases current income; it allows people to contribute more to their 401(k)s; it shortens the period of retirement; and, importantly, delaying claiming of Social Security results in a much higher monthly benefit. T…
