New Delhi, Oct. 5 -- Currently, employees in the US can claim full Social Security benefits by retiring at 67. However, proposals are afoot to raise it even higher. Workers in the United States may soon be faced with a retirement age of over 67. Initially, it was 65, but now, as per CNBC, those born after 1959 will be eligible for receiving Social Security benefits only when they are 67.

But that's not all, due to the growing cost of providing Social Security to retirees, the government is considering raising the retirement age when one becomes eligible for Social Security benefits even further.

So, those in their 60s now need to plan more cautiously about their retirement. If they choose to retire at 62, the earliest option available, ...