Is President Trump going to raise the SS retirement age to 70?

If there's one thing our government is great at doing it's putting off hard decisions. The Social Security retirement age should be increased. I say this as a 56 year old with a 63 year old wife, both of us quickly approaching retirement age. read more

The current retirement age of 65 was established by Bismark about 150 years ago, when life-expectancy at birth was less than 50 years. Trump hasn’t the power to change the SS retirement age, so he is not going to raise it. He is not going to do what he lacks the power to do. read more

Conversely, waiting until age 70 -- at which point your benefits max out -- to enroll could mean a 24% to 32% raise over what you would have receive at your full retirement age. read more

Graham said that the proposal uses the same formula Congress used to raise the retirement age from 65 to 67, so that people born in 1970 would become the first group to have a retirement age of 70. The early retirement age would also go from 62 to 64 by 2032. read more