Sentences with phrase «actual retirement date»
In the year or two leading up to the actual retirement date (at least the resignation from the partnership date), they should start transitioning client relationships and reduce their own work hours.
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The final link in that chain is the 12 months leading up to your actual retirement date.
An alternative or complimentary strategy is to focus on income well ahead of your actual retirement date.
Not exact matches
An eligible employee may transfer from the Florida Retirement System to his or her accounts under the State Community College Optional Retirement Program a sum representing the present value of his or her service credit accrued under the defined benefit program of the Florida Retirement System for the period between his or her first eligible transfer date from the defined benefit plan to the optional retirement program and the actual date of such transfer as provided in s. 121.051 (2)(c) 7.
The PIA is one of the factors used in determining the actual amount of your retirement benefit when you file at other ages — the other factor being the date (or rather your age) when you elect to begin receiving retirement benefits.
For example, if you have 40 years until your actual planned retirement date and the target fund you have selected does not touchdown into a retirement income fund until 10 years after the target date, the conservative play would be to select a retirement date target fund only 30 years in the future.
If you want to err on the conservative side with respect to risk, a target date that is shorter than your actual retirement may make some sense.
Based on this information and your actual earnings history as maintained by the Social Security Administration, the Retirement Estimator generates an estimate of the amount you would receive if you were to retire at age 62 (the earliest date you can receive benefits), the amount if you waited until full retirement age (which currently ranges from 65 to 67, based on year of birth), and the larger benefit you would receive if you continued working until age 70 before claiming retirement benefits.