2006-12-18 21:34:06 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
It depends. If your friend is a citizen of the US, he will not get Social Security until age 62. He cannot tap into 401k or IRA until age 59 1/2, without paying a penalty. If he has a pension plan where he works and is eligible for pension benefits, he can retire.
He would get less per month or per year, than at age 66, the current full retirement age. But, the total amount received will theoretically be the same, over his life time.
I retired at age 57. Things have worked out well for me. No financial problems.
2006-12-18 21:40:50 · answer #1 · answered by regerugged 7 · 1⤊ 0⤋
Anyone can retire at any age. Whether you would be eligible for any kind of company or federal retirement benefits is another question.
2006-12-19 09:09:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋