The full retirement age is 67 and the lifespan is 80, so when they first conceived Social Security, they didn't think they were going to be paying benefits for 13-15 years. That's one of the reasons why this pyramid scheme isn't working.
We need to take steps to strengthen and mend Social Security so that its promise of a secure retirement is just as real for seniors in the future as it is today.
Americans believe that people should work hard and get ahead on their own, but when disaster strikes and they need help with retirement or disability, Americans as a whole should come to their aid.
I found out retirement means playing golf, or I don't know what the hell it means. But to me, retirement means doing what you have fun doing.
I wanted to start a proper academy and recruit juniors from all over Pakistan following my retirement after the World Open in 1993 but there was no support.
I am not close to retirement. I still have a lot more that I can achieve. There are younger guys coming into F1, but I am not old and I'm not finished.
Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work.
The things that are happening to me are unbelievable. I'm actually busier right now than when I played football. This is almost like I'm coming back out of retirement. It will be fun to see myself in the game.
The easy way out is to approve an early retirement plan one year but not pay out sick and vacation time to deserving employees until three years later. Unfortunately, later is now.
It's time for a 21st-century retirement age. If 40 is the new 20 and 50 is the new 30, why shouldn't 70 be the new 65? The last time Washington politicians tinkered ever so gingerly with the government-sanctioned retirement age, Ronald Reagan was in office and Generation X-ers were all in diapers.
Raising the traditional and early retirement ages will mean extending workers' taxable earning years, fueling economic growth and putting a dent in our unfunded-liabilities crisis by delaying payouts.
The main purpose of Social Security is to redistribute wealth, to make an increasingly large number of Americans dependent on government for their basic needs in their retirement years.
At their core, Americans all want the same basic things: a quality education for their children, a good job so they can provide for their families, healthcare and affordable prescription drugs, security during retirement, a strongly equipped military and national security.
However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
No, I don't belong to a retirement community.
I have a huge passion for animals and while retirement is a long way off, when I do I would love to do something with animals.
The current institutionally provided retirement plans will not cover people's needs upon retirement.
Well, today people have to be self-reliant if they want a secure retirement income.
I've declined every congressional benefit I could decline, federal health insurance, the retirement program, the 403(b) program, which I think is overly generous. I've got self-imposed term limits of six terms if I have the privilege to serve that long.
Pension reforms, like investment advice and automatic enrollment, will strengthen the ability of Americans to save and invest for retirement.
There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.
We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.
I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.
Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.
Our society has changed in unforeseeable ways since Social Security was created. For example, we are living longer, healthier, and more productive lives and while this is all great news, this has also placed added pressure on America's retirement system.
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