Denmark raises retirement age to 70

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They are not afraid to tax the crap out of their middle classes, because they understand it’s where the taxable income is located.

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Do you think the solution in this country is to tax the crap out of the middle class?

No, not at all.

But our method is to have insane levels of spending without paying for it

The Danes opt to have insane levels of spending but refuse to go into debt to fund it.

Well, those types of policies might work in fairly homogeneous societies, but they'd never work here.

I suspect we'll continue to raise the retirement age, maybe remove the income cap on social security, but any party that raised taxes significantly on the middle class would be thrown out of office the next election.

The problem isn’t retirement age in the us..

It’s the bloat of social services crippling the current and future US tax payers. I wish people 40 and under could “opt out” of SS and invest the money in something better that wasn’t a government Ponzi scheme.

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It’s the bloat of social services crippling the current and future US tax payers. I wish people 40 and under could “opt out” of SS and invest the money in something better that wasn’t a government Ponzi scheme.

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It would be a much better option if you could remain disciplined and still get the employer match. I might be past the point where I'd be better off at 47.

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It would be a much better option if you could remain disciplined and still get the employer match. I might be past the point where I'd be better off at 47.

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I’ll be 44 in a month and not sure it would be beneficial for my wife and I at this point.

I’ve paid $134k in and my employer has paid $136k. My wife is probably similar so that’s 540k that I would love to have in my own account. Right now if we work til full retirement age and wait until 70 to take SS we would get 10k per month. I’m not sure I want to work much past 55-59 at this point so no telling where it will shake out for me.

Do you know if you have to work all the way to 67 to get full benefits or can you achieve that earlier if you retire at 58 but don’t take it until 70?

Who the frick wants to work until 70 or wait until then to get your money back? What's average life expectancy, 75 - 80 yrs old?

They've turned us into indentured servants. frick this gay earth!

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Do you know if you have to work all the way to 67 to get full benefits or can you achieve that earlier if you retire at 58 but don’t take it until 70?

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I believe it only matters when you start collecting.

Imagine if y'all had been getting 7-10% returns on that money the last 20+ years. It's a rip off

I started working on the books in 1994. My wife a few years earlier than that. We'd have been set for life by 60 with just that money alone most likely and could leave it all to our kids if we die early.

Instead we've had to save like it isn't there because it might not be.

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I retired at 52 from the fire service. Frick retiring at 70

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I'm 5 years away from 52 and there's a 0% chance I'll be able to retire at that age. I'm hoping for 62 but I'll have to deal with a 3 year gap in health coverage. Not very many of us have pensions these days.