Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-28-2011, 09:07 AM
 
Location: New York
147 posts, read 213,115 times
Reputation: 750

Advertisements

Retirement benefits by year of birth - :|
Reply With Quote Quick reply to this message

 
Old 07-28-2011, 10:10 AM
 
28,803 posts, read 47,590,355 times
Reputation: 37905
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.
Reply With Quote Quick reply to this message
 
Old 07-28-2011, 10:16 AM
 
Location: Northern panhandle WV
3,007 posts, read 3,121,037 times
Reputation: 6796
Also the age went to 67 for younger workers some time ago. It is not new news.
Reply With Quote Quick reply to this message
 
Old 07-28-2011, 10:18 AM
 
Location: New York
147 posts, read 213,115 times
Reputation: 750
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.
Reply With Quote Quick reply to this message
 
Old 07-28-2011, 10:20 AM
 
Location: New York
147 posts, read 213,115 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...
Reply With Quote Quick reply to this message
 
Old 07-28-2011, 10:23 AM
 
9,855 posts, read 15,181,310 times
Reputation: 5481
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?
Reply With Quote Quick reply to this message
 
Old 07-28-2011, 12:48 PM
 
Location: Great State of Texas
86,052 posts, read 84,321,515 times
Reputation: 27718
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.
Reply With Quote Quick reply to this message
 
Old 07-28-2011, 02:10 PM
 
Location: Raleigh, NC
19,397 posts, read 27,703,839 times
Reputation: 36050
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.
Reply With Quote Quick reply to this message
 
Old 07-28-2011, 04:06 PM
 
Location: Los Angeles area
14,017 posts, read 20,869,471 times
Reputation: 32530
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.
Reply With Quote Quick reply to this message
 
Old 07-28-2011, 04:15 PM
 
Location: SW MO
23,593 posts, read 37,394,969 times
Reputation: 29336
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.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top