October 12, 2012

How High Will the Retirement Age Go?


From US News Money Retirement

How High Will the Retirement Age Go?

It’s increasing, but by how much depends on individual circumstances

By DAVID FRANCIS
June 11, 2012 

Last week, Robert Benmosche, chairman of the insurance giant American International Group (AIG), said an increase in the retirement age was unavoidable. What surprised many is how high he predicted the age would go.

"Retirement ages will have to move to 70, 80 years old," Benmosche told Bloomberg. "That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth."

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