Age 65, the age of retirement and Social Security, is an artificial line-in-the-sand that Bismark of Germany drew in 1885 and we have not had the courage to change.
But our lives will be drastically different and longer than any prior generation of 65-year olds in the history of the world. When Bismark drew the line in the sand, 2% of the population lived to age 65 and then they lived an average of only 2 years. Today, a 65-year old can expect to live nearly ten years longer than his own parents could have expected when they were 65.