Judging by my followers, at least half of your are Social Security and Medicare proximal. That is, if they are not eligible, they are not far off either. I am eight years away now, just to be open and all that.
Anyway, with all sorts of talk about Medicare and Social Security these days, and politicians hand-wringing on one side or the other, I want to say something as a GIT, geezer-in-training.
Make me wait longer.
Social Security was designed to provide support at a time when the average life span was about the same age as eleigibility. Today, the average lifespan is nearly 80. Social Security was never meant to be a long term thing.
Congress started dealing with this a while ago, but most people still look forward to collecting Social Security as soon as they can.
Man Up, folks. I say move it to 70 for everyone between 50 and 60 now, 75 for those between 40 & 50 and the 80 for those 30 & 40. And no 'early retirement' either.
Also, raise the ceiling on SS taxes. Right now, anyone who makes more than $137k pays no FICA or SE taxes on the amount above that figure. Why?
The idea is that social security would be a "dollar in-dollar out" program. I think the American people would welcome that, even if it meant waiting longer and paying more. We don't mind paying for what we buy, as long as the rules are clear and everybody plays by them.
You probably know more than me about whether this would work, so feel free to correct me. But do the ideas work - everybody wait longer and everybody pay for it? Tell me.