at age 66 and full benefits only at age 70, then how can they best survive at age 50 when laid off and no one else will hire them? What are some suggestions for income we can provide that will support them for 15 to 20 years? (Interestingly, my permitted retirement age increased on each of my Social Security statements in 2010, 2011, and 2012.) Thanks!
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Actually, I'm in the second half of the Baby Boomers. Congratulations on your retirement!
Landmarkwealth- I DISAGREE with your statement. You had best go back and read the SS law as it was written. It most definitely was intended, originally to be the PRIMARY source of retirement income for the average American. Systems changed though!
No it was not, FDR was quite specific about this.."Some Protection" http://docs.fdrlibrary.marist.edu/odssast.html