2007-06-02 08:09:06 · 5 answers · asked by ed y 1 in Business & Finance ➔ Personal Finance
It depends on how much you enjoy your work, and if you are still in really good health. If you enjoy what you're doing then work until you no longer enjoy it. If there are other things you would rather do than work, and you have a good retirement plan or 401k, go ahead and retire. You can also draw your social security in addition to any retirement you may have, though it may not be the full benefit.
I was born in 45 and retired three years ago. I had a long commute to work (80 miles one way). I just couldn't take the commute anymore. I drew my retirement benefits and took a part time job until I turned 62. Then I applied and receive my social security benefits (reduced). Now I am able to do more fun things, like taxi my grandkids to cheerleading practice and games. (Ha Ha) I really do love to take cruises. Much more fun than work.
Good luck with your decision...
2007-06-02 08:26:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
when you are financially able to, and want to.
You can draw social security at a reduced rate now, or wait until you are 65 to get the full amount. You will not be eligible for Medicare until age 65 though, so if you retire now, remember you will have to take out private health insurance.
2007-06-02 12:01:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If your job is easier for you then maybe around 60-65 yrs old. But if its harder then around 55-60yrs old.
2007-06-02 08:14:33 · answer #3 · answered by glamorous93 1 · 0⤊ 0⤋
iwould think in two years at 65.
2007-06-02 08:12:08 · answer #4 · answered by michael f 2 · 0⤊ 0⤋
not until you want to.
and even then, you may want to do something else, or just less of what you've been doing (if you love it).
:-)
2007-06-02 08:11:49 · answer #5 · answered by Spock (rhp) 7 · 1⤊ 0⤋