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.
This is because 4 % is a commonly accepted «sustainable distribution rate» for those with a balanced portfolio
retiring at a normal retirement age.
Your total benefit, $ 1,500 per month, is larger than the $ 1,000 benefit you would have received if you had
retired at your normal retirement age.
Not exact matches
If you
retired at age 70 (max
retirement age) then you will receive 132 % of your
normal retirement age benefit, which the max amount for that
age is $ 3,576.
Plan B is to keep working until I'm 40 and plan C is to
retire a decade sooner than the «
normal»
retirement age,
at around 50»
Under the first bill, uniformed court officers hired since April 1, 2012 will have their «
normal»
retirement age lowered to 62 from 63, and will be able to
retire at age 55 after 30 years of service.
Lawyers don't typically
retire at what is otherwise considered the
normal retirement age.