From the October 2007 issue of Boomer Market Advisor • Subscribe!

Work longer to get less

A new issue brief from Boston College's Center for Retirement Research looks at the implications of increasing the age to qualify for Social Security. Promoting Work: Implications of Raising Social Security's early Retirement Age by John A. Turner finds that:

  • Raising Social Security's early retirement age of 62 would encourage longer work lives, thereby improving retirement security.
  • Trends in health and the physical demands of work make raising the early retirement age feasible.
  • Only 10 percent or less would likely be placed at risk by a hike in the early retirement age.
  • In examining these points, the brief focuses in particular on economically vulnerable groups -- women and minorities.

For more information and the complete report, visit www.crr.bc.edu.

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