I think the retirement age gets older every year. Someone told me I will be 70 before I can throw in the towel. I was born in 1964.
2007-02-27 00:47:58 · 11 answers · asked by happydawg 6 in Business & Finance ➔ Careers & Employment
You can retire any time you are able to afford to do so. If you plan on drawing Social Security you must be 67 to qualify for the full benefit. That applies to everyone born in 1960 and later.
2007-02-27 01:04:29 · answer #1 · answered by Peedlepup 7 · 0⤊ 0⤋
Most of the answers you have received so far are saying when you can collect Social Security benefits. For you, the earliest you can start receiving SS retirement benefits is age 65 if you accept reduced payments, 67 for normal payments, or 69 for higher payments. The age for standard payments used to be 65, but quite a few years ago Congress voted to gradually increase the age to 67.
If you have an adequate pension and/or adequate savings, you can retire before you can receive SS retirement benefits. I retired at age 52 when my employer affered an "early out" pension bonus to anyone who had enough years of service and was willing to retire early.
There is no minimum retire age if you have adequate resources. However, you have to consider that inflation can effectively reduce a fixed income by a huge amount after you have retired.
2007-02-27 01:17:38 · answer #2 · answered by zman492 7 · 1⤊ 0⤋
The oldest retired specialist wrestler is Bruno Sammartino, born October 6, 1935. The youngest lively specialist is Cody Rhodes, born June 30, 1985. The oldest lively specialist wrestler is The Undertaker, born March 24, 1965...wish it helps!
2016-12-05 00:40:13 · answer #3 · answered by minogue 4 · 0⤊ 0⤋
You can retire at any age. In Ontario Canada they just past a law that you do not have to retire until you can't work anymore. I retired 6 years ago .......i was 33 then.
2007-02-27 00:56:03 · answer #4 · answered by c0mplicated_s0ul 5 · 0⤊ 0⤋
This depends on where you live, who you work for, what sort of pension plan you have, and how much money you have saved.
Your best answer, if you are concerned about the money end, will come from a local financial adviser. I say local because local factors play a huge part in this. I live in Canada. If you live in the US, your laws and social services will be different.
But a local financial adviser knows what to consider in your jurisdiction.
2007-02-28 12:54:04 · answer #5 · answered by audreytheeditor 4 · 0⤊ 0⤋
as long as you have enough money to live you can retire at any time. if you work at a place that has a pension they might make a rule that you have to have x amount of years + your age. you cannot get social security until a certain age. not sure of the age check www.ssa.gov
2007-02-27 01:11:49 · answer #6 · answered by piopo 3 · 0⤊ 0⤋
It really depends on how many years of service that you have given to the company that you are working right now. But agewise, its usually between 60 and 65.
2007-02-27 00:56:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋
That is so sad. It might be 70 for you.
It's 67 for the baby boomers like my parents whom are 52 and 51.
Watch it'll be 75 for me and I might die before that age.
2007-02-27 00:51:56 · answer #8 · answered by Cuddly Lez 6 · 0⤊ 0⤋
i think you should retire when your age become 55
2007-02-27 01:03:13 · answer #9 · answered by Anonymous · 0⤊ 0⤋
it think its 65 or 67 now
2007-02-27 00:51:42 · answer #10 · answered by links305 5 · 0⤊ 0⤋