Thursday, December 02, 2010

Retirement increase to 68 by 2050 and 69 by 2075

Retirement increase to 68 by 2050 and 69 by 2075

 ....draft " deficit bill " proposal:

December 02, 2010 - deficit commission " proposal ", the retirement age would gradually increase to 68 by 2050 and 69 by 2075 to keep Social Security solvent.

Retirement Chart and Info:

Frequently asked retirement questions

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The Full Retirement Age is Increasing

Full retirement age (also called "normal retirement age") had been 65 for many years. However, beginning with people born in 1938 or later, that age gradually increases until it reaches 67 for people born after 1959.

The 1983 Social Security Amendments included a provision for raising the full retirement age beginning with people born in 1938 or later. The Congress cited improvements in the health of older people and increases in average life expectancy as primary reasons for increasing the normal retirement age.

Note: If you were born on January 1st of any year you should refer to the previous year.

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Or read our chart that shows the steps in which the full retirement age is increasing.


Tax Cut Facts: How Obama’s Tax Cuts Are Helping American Families

From Obama, the Tax Cut Nobody Heard Of

Pending, Signed, Vetoed - Legislation

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