Raise the Retirement Age to 70?

[bjl584]

Should We Have to Work Until 70? These CEOs Say Yes

[disneysteve]

It's very nice to suggest raising the retirement age to 70. The problem is it conflicts with reality. A significant percentage of people retire before 70, and even before 65, not by choice but because of health issues. They often struggle to get by, holding on until they can tap Social Security at 62.

There are also plenty of jobs that simply aren't safe for older folks to be doing. Do you really want a elderly person with diminished vision, hearing, and reflexes driving your kid's school bus? Should an older guy with high blood pressure and diabetes be doing heavy steel work at construction sites? Can a 64-year-old man with emphysema spend 3 more years doing manual labor in sub-freezing temperatures as a dock worker?

I do think people who can't afford to retire and are physically able to keep working should do so. It's good for the body, good for the mind, and good for the wallet. We have to recognize, however, that lots of people simply can't even if they wanted to.

[MonkeyMama]

This is a tough sell with all the age discrimination in the workforce. What I have witnessed in this economy over and over and over is "Good luck finding a job if you are over 50." & even before the economy went really sour...

Social security is the saving grace for many in this boat.

[97guns]

It's very nice to suggest raising the retirement age to 70.

its more than a suggestion, it is reality RIGHT NOW

i know several people into their 70's that can not retire

its a way for corporations, counties, cities, states and countries to keep their money, or spend more of what they don't have

its bound to happen to SS, look at what is happening to greece right now!!!!

Retirement In Germany May Rise To Age 69 While Greece Is At Age 58 - Forbes


it is inevitable, CAN NOT BE SUSTAINED

[Joan.of.the.Arch]

Could those who know someone working full time in their 70's because they need the money tell what the septuagenarian is doing for a living?

[disneysteve]

Could those who know someone working full time in their 70's because they need the money tell what the septuagenarian is doing for a living?

I had a patient in her late 70s who was a hostess and waitress at a local diner.

I have a patient who is 86 who works part-time doing maintenance for an apartment complex. I'm not sure when he stopped working full-time.

I have another patient in his 70s who is a school crossing guard, so every morning and every night, regardless of weather, he spends a couple of hours standing on the corner. Really miserable work but he does it.

I have a patient who is 74 and still works full time in an auto repair shop that his family started many years ago.

I'm sure I have many other patients in this category but those are the ones that come to mind right away.

My 82-year-old mother lives in a senior apartment building and works in their kitchen helping prepare meals. She also does some of their party planning and set up. This is part-time but she isn't doing it because she needs the money.

[creditcardfree]

My father in law lived to 74, and worked until the day of his death. He owned his own accounting firm and worked daily. Sharp mind, heart just didn't make it.

[LivingAlmostLarge]

elderly people i know:
primary care physician 82
macy's sales woman 75
hostess 78
Borders Book shelver 72
YMCA greeter reception 78

These are all part-time. The extra spending money and to keep busy I've been told.

[PrudentSaver]

Let's not forget that age itself has an impact on credit score. Not many people know the relationship between credit score and age.

Honestly, I don't believe in social security. I don't think the best use of people's talents is the have them work and be dependent on earned income while insuring that ability beyond working years. Terrible.

[97guns]

elderly people i know:
primary care physician 82
macy's sales woman 75
hostess 78
Borders Book shelver 72
YMCA greeter reception 78

These are all part-time. The extra spending money and to keep busy I've been told.

my brothers 65 year old girlfriend says the same thing, that she wouldn't know what to do with her time, yet she complains about her job and new boss like she really cant stand it.

i really don't think a person truly wants to work.

[sweetlady2k]

My grandpa is 78 and finally retired about 4 years ago. He was a mason. Hard, hard work. He still walks 3 or 4 miles a day briskly! W have a hard time keeping up with him! And he can still crack a walnut by squeezing it in his hand.

[Anton martin]

It depends on certain conditions

Working until 70 is completely depends on your health and your body functioning. If your health is good enough and your body is functioning well even after age of 65+ then you can work till 7o. Working until 70 can give you more financial secure retired life.