Sentences with phrase «as normal retirement age»

Typically, most retirement plans set age 65 as the normal retirement age.

Full retirement age (also known as normal retirement age) determines when you can receive your full retirement benefit.

This affects not only those who receive retirement benefits, but also Canadians who perceive the age of 65 or 67 as the normal retirement age.

Not exact matches

As I plan on retiring early I am going to need to access some my retirement savings prior to the normal 59.5 withdrawal age for IRA's and 401k's.

If you were born between 1943 — 1954 then as a percentage, if you retired at your normal retirement age (NRA), you receive 100 % of your benefit which in $ terms the max is $ 2,639.

No matter what your full retirement age (also called «normal retirement age») is, you may start receiving benefits as early as age 62 or as late as age 70.

As long as she has reached at least normal retirement age, her survivor benefit will not be reduced, but her own retirement benefit will disappeaAs long as she has reached at least normal retirement age, her survivor benefit will not be reduced, but her own retirement benefit will disappeaas she has reached at least normal retirement age, her survivor benefit will not be reduced, but her own retirement benefit will disappear.

But you will get more per month if you wait until «full retirement age» (FRA)-- also known as «normal retirement age» — to retire.

and for how long your portfolio needs to be sustainable (FIRE or normal retirement age), both of which are interrelated, and what is the rest of your allocation — all equities or an allocation to bonds as well as cash?

Ironic as it may seem, being a workaholic will make it less likely that you will be able to work beyond a normal retirement age.

Many types of groups exist, e.g., a depth Bible study group to stimulate the maturing of functional theologies; groups to aid preparation for normal crises such as retirement, middle age, marriage, childbirth (Caplan calls these «emotional innoculation groups»).

Pope Francis could have decided to allow Cardinal Mueller keep his post as he isn't turning 70 until December, which is the normal retirement age for bishops.

These formulas translate into a back - loaded structure where benefits are low for many years until, as teachers near their normal retirement age, their pension wealth accelerates rapidly.

In a traditional defined benefit plan, benefits are heavily backloaded; teachers receive minimal benefits in their early years but quickly earn substantial benefits as they near their plan's prescribed «normal retirement age.»

to take any action otherwise prohibited under subsections (a), (b), (c), or (e) of this section where age is a bona fide occupational qualification reasonably necessary to the normal operation of the particular business, or where differentiation is based on reasonable factors other than age; to observe the terms of a bona fide seniority system or any bona fide employee benefit plan such as a retirement, pension, or insurance plan, which is not a subterfuge to evade the purposes of this Act, except that no such employee benefit plan shall excuse the failure to hire any individual; or to discharge or otherwise discipline an individual for good cause

Ironic as it may seem, being a workaholic will make it less likely that you will be able to work beyond a normal retirement age.

Although workers can claim Social Security as early as age 62, waiting until normal retirement age — which is age 65 + for people born in 1942 or earlier, 66 for people born from 1943 to 1959, and age 67 + for people born afterward — will generate a «baseline» amount of monthly payments.

Congress cited improvements in the health of older people and increases in average life expectancy as primary reasons for increasing the normal retirement age.

Your Social Security retirement age, also referred to as your full or normal retirement age, depends on the year you were born and can be anywhere from 66 to 67 years of age.

They typically start after short - term disability payments end, and can last for as long as you are disabled up to your normal retirement age.

This means that should you take a withdrawal before you reach retirement age, you pay taxes on that money as normal income, plus an additional 10 percent penalty for early withdrawal.

But you will get more per month if you wait until «full retirement age» (FRA)-- also known as «normal retirement age» — to retire.

Under the current structure of the U.S. Social Security system, the age to receive full benefits (also known as «full retirement age» or «normal retirement age») is 65 for workers born in 1937 or earlier.

The PIA is rather complicated to define, but for a shorthand version of this figure, you might use the figure that is on your statement from Social Security as payable to you on your Full Retirement Age (or «normal» retirement agAge (or «normal» retirement ageage).

No matter what your full retirement age (also called «normal retirement age») is, you may start receiving benefits as early as age 62 or as late as age 70.

Once you reach normal retirement age for your birth date, you can make as much money as you would like — Social Security will not withhold anything.

A plan may offer temporary payments from the participant's early retirement age to a specified age, such as age 62 (when a participant becomes eligible for Social Security) or normal retirement age.

As part of ongoing public sector pension scheme reforms, members of both the firefighters» and judicial pension schemes were compulsorily transferred into new arrangements with less favourable retirement benefits, including a lower rate of accrual and a higher normal pension age.