One option Nina should avoid, however, is converting her savings into a private sector pension. The The private, for-profit bond market is not attractive to most people. The products are expensive and complex with dizzying Details and fees, such as redemption fees, expense fees, death grants fees, and so on. The social security agency bundles retirees and makes no profits. Therefore, it should be easier for people to close the gap to a higher eligibility age by using, for example, 401 (k) or IRA money to purchase additional benefits in the form of Social Security Credits or a short term pension.