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Old 07-28-2011, 09:07 AM
 
Location: New York
147 posts, read 186,068 times
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Retirement benefits by year of birth - :|
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Old 07-28-2011, 10:10 AM
 
28,287 posts, read 39,953,793 times
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The thread title is misleading. The post has nothing to do with the age of retirees increasing, but instead deals with the difference in monetary benefits if you retire earlier than the government standard.
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Old 07-28-2011, 10:16 AM
 
Location: Northern panhandle WV
3,007 posts, read 2,178,706 times
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Also the age went to 67 for younger workers some time ago. It is not new news.
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Old 07-28-2011, 10:18 AM
 
Location: New York
147 posts, read 186,068 times
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if you look at the first two columns - column 1 is your year of birth and column 2 is the full retirement age. The later you are born the later the retirement age is. For people born in 1960 or later, retirement age is 67.
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Old 07-28-2011, 10:20 AM
 
Location: New York
147 posts, read 186,068 times
Reputation: 750
nope, not new news. I was thinking about when I can retire and decided to look it up. I have a longggg way to go...
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Old 07-28-2011, 10:23 AM
 
9,856 posts, read 13,440,356 times
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How does this compare to life expectancy? Even if the average age of retirement is increasing, aren't people living longer too? Doesn't it make sense to work longer if you are living long as well?
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Old 07-28-2011, 12:48 PM
 
Location: Great State of Texas
86,093 posts, read 72,598,790 times
Reputation: 27566
Quote:
Originally Posted by *lorie View Post
if you look at the first two columns - column 1 is your year of birth and column 2 is the full retirement age. The later you are born the later the retirement age is. For people born in 1960 or later, retirement age is 67.
Don't you get annual statements from SS ?
I get one every December and it's clearly stated on there for 62, 65 and full retirement age.
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Old 07-28-2011, 02:10 PM
 
Location: Phoenix, AZ > Raleigh, NC
15,098 posts, read 19,065,067 times
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Quote:
Originally Posted by *lorie View Post
nope, not new news. I was thinking about when I can retire and decided to look it up. I have a longggg way to go...
Not to be negative, but if anyone is counting on social security for their retirement, plan on working until you croak. You can retire when YOU have saved enough to retire.
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Old 07-28-2011, 04:06 PM
 
Location: Los Angeles area
14,018 posts, read 17,765,919 times
Reputation: 32309
Quote:
Originally Posted by Jkgourmet View Post
Not to be negative, but if anyone is counting on social security for their retirement, plan on working until you croak. You can retire when YOU have saved enough to retire.
While I agree that counting on Social Security alone is a very poor retirement plan, there is nothing wrong with the orginal poster looking up the details of Soc. Sec. benefits as one part of retirement planning. Indeed, the age at which one retires is one rational factor in such planning, for reasons of Social Security and for other reasons too.
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Old 07-28-2011, 04:15 PM
 
Location: SW MO
23,605 posts, read 31,524,402 times
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Quote:
Originally Posted by hnsq View Post
How does this compare to life expectancy? Even if the average age of retirement is increasing, aren't people living longer too? Doesn't it make sense to work longer if you are living long as well?
I don't think so. I think it makes sense to retire when you can and you're fed up with working. That's what we did and neither of us has any regrets.
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