Moldava-You know I heard that there is talk that they might push the Social Security eligibility requirements to age 70.
I think that it might be better to privatize Social Security in order to obtain higher gains. For example, if you have at least 15 years before retirement you can place your account in a mutual fund that might earn an average of seven to eight percent over the term which is significantly more than what the government would offer.
In addition, they would not have to delay benefits. Seniors about to retire can keep their funds safe in a government bond that would expire when they retire.