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General Discussion => Post-FIRE => Topic started by: Gunny on March 06, 2017, 08:18:16 AM

Title: The system wants you to work even longer than age 65
Post by: Gunny on March 06, 2017, 08:18:16 AM

Found this article on Yahoo today.  BLUF: you should work longer.

http://www.investopedia.com/articles/retirement/09/retire-couple-together

Title: Re: The system wants you to work even longer than age 65
Post by: CowboyAndIndian on March 06, 2017, 08:22:07 AM

The link does not find the article.

Title: Re: The system wants you to work even longer than age 65
Post by: boarder42 on March 06, 2017, 08:24:03 AM

http://www.investopedia.com/articles/retirement/09/retire-couple-together.asp

Title: retire at 65 ? pah !!!
Post by: rob/d on March 06, 2017, 10:04:11 AM

  We already got it here in blighty.
 
Quote from gov.
"Steadily rising every few months and to equalise at 65 for men and women in 2018. It will then increase every few months, reaching 66 by 2020. The next planned increase, towards age 67, will start in 2026 and conclude in 2028. "

 I don't think they will stop at 67 though , happy days  !

Hell lets just say 99 and be done with it.

Title: Re: The system wants you to work even longer than age 65
Post by: MoonLiteNite on March 11, 2017, 04:29:07 AM

Funny enough, the "system" was designed to get older people out of the work force to get younger people in :D

Title: Re: retire at 65 ? pah !!!
Post by: sam on March 13, 2017, 06:43:26 AM

Quote from: rob/d on March 06, 2017, 10:04:11 AM

  We already got it here in blighty.
 
Quote from gov.
"Steadily rising every few months and to equalise at 65 for men and women in 2018. It will then increase every few months, reaching 66 by 2020. The next planned increase, towards age 67, will start in 2026 and conclude in 2028. "

 I don't think they will stop at 67 though , happy days  !

Hell lets just say 99 and be done with it.

I can see this constantly increasing here in the UK, the main issue for me is many don't realise their private pension age is directly limited to the state age (maximum 10 years before). This is why I prefer ISA's over Pensions.

Title: Re: The system wants you to work even longer than age 65
Post by: DailyGrindFree on March 13, 2017, 07:23:42 AM

Quote from: MoonLiteNite on March 11, 2017, 04:29:07 AM

Funny enough, the "system" was designed to get older people out of the work force to get younger people in :D

^+1. In addition, the system also wants us to spend as much as we can. Save just enough to work until 65-66-67.... 99. :-)
We need to keep the economy going, right?