Carol H Tucker Passionate about knowledge management and organizational development, expert in loan servicing, virtual world denizen and community facilitator, and a DISNEY fan
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beladona Memorial Be warned:in this very rich environment where you can immerse yourself so completely, your emotions will become engaged -- and not everyone is cognizant of that. Among the many excellent features of SL, there is no auto-return on hearts, so be wary of where your's wanders...
Today is the 3rd day of the 3rd week, the 17th day of the 1st month, and the 17th day of 2023
Quote of the day: “The first time you do something only happens once.” ~ Chris Burden, American artist who worked in performance sculpture and installation art
Today is one of those Tuesdays masquerading as a Monday. It is an occupational hazard of having holiday weekends, then short work weeks, but it doesn’t make it any less annoying
As the GOP sets its sights on reducing Social Security, one of the things they are proposing is raising the “official” retirement age. For my age group, it was 66, although if you went past that age, you could then work full time and receive full benefits. It should be noted the amount of income you could receive did not max out until age 70 – after that, the benefit of waiting to apply for Social Security is nil. According to at least one GOP member of Congress, people are complaining that they don’t want to have to retire because they want to work, and that justifies the increase in the age. Considering there are no rules that say you have to retire at 66 [or any age] other than company policies, and you have the option of working beyond that age while receiving benefits, I find that statement rather implausible and rather condescending. There might be workers who want to keep working ad infinitum, but I suspect there are a lot more workers like me who work because they have to because they don’t have a pension plan.
Now the claim is that raising the retirement age will have the impact of reducing future Social Security benefits for everyone – those who apply before the retirement age and those who wait. The best explanation I can find, and I don’t quite understand it well enough to explain it myself, can be found at https://www.cbpp.org/research/social-security/social-security-benefits-are-modest#retirementAge. Personally? I think removing the salary cap for Social Security payments and limiting benefits to individuals who make over $400K outside of Social Security benefits would be far more effective
Of course, some people mistake retirement for an endless vacation. I understand the difference, and I still look forward to a time when I will not have to work every day….
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