what is the official retirement age for U.S. citizens? I heard it was 8 months after you turn 65?

Answer 1

I just began recieving benefit checks early, but my birth year 1943 I would not have been eligible for full benefits until age 66. The SS agency also works 1 month behind, so in my case I didn't recieve the first check until the end of Jan.

Another thing I learned was the income limits allowed. Anyone taking early SS is restricted to making no more than 12K income (legally). Over 65 it becomes a limit of approx 35K

Rev. Steven

There is no fat bank account full of SS money either. What anyone woking pays today is going to those who are collecting today. It's highly likely that the next generation down will not have SS.

Answer 2

The United States has no "official retirement age". If you qualify for Social Security payments, you can apply for them a couple of months before your 62nd birthday. The benefit will be slightly reduced from what it would be if you waited until a couple of months before your 65th or 70th birthdays.
Certain corporations, government employers and so on have mandatory retirement ages. They vary from 55 to 75 and older, and are based on the ability of the average individual that age to do the job (like piloting a plane or working the auto line), but they often also provide private pensions as well. At any point in time, there are court cases arguing mandatory retirement, too.
Age is pertinent in being able to take qualified pension money (like IRAs or 401K money) out without federal penalty; you must be 59 1/2, or receiving certain medical benefits (standard medicare is age 65).

Answer 3

yeah 65 if your 60 now but now its moved to 70 for everyone under 55 i think