Sentences with phrase «retirement at these earlier ages»

That said, if you can hunker down and start saving for retirement at an early age, it makes things easier.

Traditional pensions basically encourage retirement at these earlier ages while punishing work at older ages.

If retirement at an earlier age is offered to some teachers, benefits should be reduced accordingly to compensate for the longer duration they will be awarded.

If retirement at an earlier age is offered to some teachers with reduced benefits, it should be offered to all teachers regardless of years of service.

Slightly more than half said they wish they had started saving for retirement at an earlier age.

This is done in the hope that more employees will participate and start saving for retirement at an earlier age.

If there were something we could do to diminish that volatility, we could show investors how to achieve safe retirements at earlier ages than are generally viewed as possible today.

We are mostly focusing on the importance of saving, having a high savings rate, and funding your own retirement at an early age (FIRE), but also discuss debt, stock investing (index), insurance (always a losing bet), and a few other items that kind of fall into the personal finance realm.

Not exact matches

A widow or widower is eligible to start receiving reduced benefits on your record as early as age 60 and full benefits at their full retirement age.

Claiming Social Security retirement benefits at the earliest age — 62 — is a big temptation for many aspiring retirees.

Here's how it works: The higher - earning (first) spouse files for benefits at full retirement age, enabling the other to file for spousal benefits as early as age 62 — which, again, amounts to half of what the first spouse is entitled to.

But Uncle Sam still gets his piece of the pie — and that happens when you begin taking money out, usually in retirement or at least at age 59 1/2 to avoid early withdrawal penalties.

«Gaps are certainly of special concern to those considering early retirement, since they are eligible for Social Security benefits at 62, but must wait until age 65 to receive Medicare,» said Kimberley Foss, a certified financial planner and founder of Empyrion Wealth Management.

In fact, he said, plotting women's labor force participation in the country against an age range produced an M - shaped line — where participation rose when women were in their early - 20s, it declined between late - 20s and the 30s, rose again in the 40s when they returned to the workforce and then fell at retirement age.

As a rough way to adjust for early retirement, add your annual spending requirement for every year you retire early on top of the amount you would need for retiring at age 65.

Can you afford to «retire early» and claim benefits at age 62, should you wait until your full retirement age, or can you wait until age 70 in order to receive the largest possible monthly benefit?

For example, my full retirement age is 67 and if I claim at age 62, the earliest age at which I can file for Social Security benefits, my benefit will be equivalent to 70 % of my full retirement age benefit.

The interpretation of the table would be — At whatever age you hit this (age, NW) mark you should feel comfortable trying out early retirement.

The survey of 903 adults aged 50 or older, who are either already retired or plan to retire in the next ten years, revealed those who began receiving Social Security income early report a lower average monthly payment ($ 1,190) than those who started at their full retirement age ($ 1,506) and those who delayed benefits until age 70 ($ 1,924).

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

While it's a good idea to be contributing to a retirement fund as early in your working years as possible, you can start putting away money for your nest egg at any age.

The BLS observes «The leading edge of the baby boomers (those born in 1946) became eligible for early Social Security benefits at age 62 in 2008 and reached full retirement age at 66 in 2012.

Imagine how nice it would be to have your early retirement money AND your 401 (k) compounded buffer money at age 60?

As a general rule, survivors benefits based on age will be about the same total Social Security benefits over a lifetime, whether they start early or at full survivors retirement age.

She worked as the Director of Professional Services with a hospice in central California for 10 years, until she took an early retirement at the age of 51.

By investing mindfully I am currently starting my early retirement at the age of 52.

In general, the lower - earning spouse, usually the wife, should collect benefits early at age 62 — even though they will be reduced by 25 % or more and subject to earnings limits — and the higher - earning spouse should wait until age 70 to collect the biggest retirement benefit.

While a couple at age 65 can expect one spouse to live to be 85, on average, couples who can not afford to wait or who have reasons to plan for a shorter retirement, may want to claim early.

Here is the bottom line as far as I can see: IF you are self - employed when filing for early retirement, and *** if, on your application, you are asked how many hours you work *** (and I would like to hear from anybody here who has actually filed for benefits before their Full Retirement Age) and IF you work more than the allowable hours to be considered «retired» (again, I believe it's no more than 45 for most people but no more than 15 if you work at an occupation requiring a «specific skill» or own a large business),

Full retirement age is based on your date of birth, starting at age 65 if you were born in 1937 or earlier and increasing to age 67 if you were born any time after 1938.

If you need to tap your retirement funds early or apply for Social Security at 62, or before your full retirement age, or even at 70, that's okay.

To some extent, this attitude of denial has come about because of changes in our society in this century: the marked decrease in the number of deaths at an early age; the development of specialized professions for the care of the dying and the dead; the emergence of geographical mobility, with the consequence that most of us live at some distance from aging and dying relatives, including parents; the growth of separate communities for the aging, not only nursing homes but retirement communities.

Chelsea ran riot at Stamford Bridge, scoring seven goals in a 7 - 0 rout which may have just sparked some life into the old dog, as this ageing Chelsea squad appeared primed and ready for retirement earlier in the week.

The original Tier 6 bill itself contained a clause allowing any public employee union, including those representing court officers, to petition the governor for a restoration of early retirement at age 57, but only on the condition that the added cost would be covered by added employee contributions.

At age 81, he re-joined Lazard earlier this year, after nominal retirement, and told the Washington Post in January, that he would be assembling financing from foreign investors «to relieve the pressure on the American budget» through infrastructure buy - outs.

A recent study co-authored by Robin Lumsdaine, Crown Prince of Bahrain Professor of International Finance at American University's Kogod School of Business, reveals retirement - age women who have new grandchildren are 9 percent more likely to retire early than those who do not.

Those stage theories reflected a time when most people marched through life predictably: marrying at an early age; then having children when young; then work, work, work; then maybe a midlife crisis; then retirement; then death.

Some states also allow early retirement, where a teacher can retire at an earlier age but with reduced benefits.

Because of the early retirement program, the median teacher retired five years earlier than she would have otherwise, at age 55 with 27 years of service rather than at age 60 with 32 years of service.

The earliest age at which retirement benefit collection could have taken place before the ERI is 55; with the ERI, teachers can retire at age 50 or older.

Benefit rates are fairly similar through the early 50s, but the spike at age 55 (when Ohio teachers become eligible for early retirement) is significantly greater for men than it is for women.

An earlier version of the chart that accompanied this story misstated the annual salary of a typical Ohio teacher used to calculate pension wealth at certain retirement ages.

Ohio's, the first of the state charts and the one below, has two such spikes, one for an early retirement incentive and again at the «normal retirement age.»

A brigadier general in the U.S. Army Reserves, from the early 1970s until retirement at the age of 80, Mr. Kaplan was an associate justice of the Probate and Court Department of the Massachusetts Trial Court, Plymouth County.

Early retirement is finally here at age seventy - eight.»

Should I take my benefit early at age 62, full retirement age of 66, wait to age 70, or somewhere in between?

You get three different projections based on whether you retire early, at full retirement age, or at 70.

Based on these estimates, your statement allows you to compare what you would receive each month if you were to take benefits at the earliest possible age — currently 62 — as well as if you took them at full retirement age, or delayed them until age 70.

Under current rules, which remain in effect until 2011, starting CPP at the earliest age of 60 entails a 30 - per - cent reduction in monthly payments but «you would have to live well past 75 in order to receive more from the plan than by waiting until the normal retirement age of 65,» writes tax and estate lawyer Christine Van Cauwenberghe in her book, Wealth Planning Strategies for Canadians 2010.

The early retirement age — currently 62 — sets the point at which you can start collecting Social Security benefits.