If you make it to 62, your life expectancy is 21 more years. that mean 21*0.7 = 14.7 years worth of social security payments. Full benefit at age 67 gets you 16 years worth of payments. If they’d raise full retirement age to 70, you’d only collect 13 years of payments.
If you make it to 62, your life expectancy is 21 more years. that mean 21*0.7 = 14.7 years worth of social security payments. Full benefit at age 67 gets you 16 years worth of payments. If they’d raise full retirement age to 70, you’d only collect 13 years of payments.