retirement age
Warren Buffett on Social Security Reform
One of the financial world’s most seasoned icons is on record with opinions on key changes that should be considered to address Social Security’s insolvency. These opinions were recapped in a recent post by The Motley Fool contributor and Certified…
Some Social Security History on Age 65 as the “Standard” Retirement Milestone
Even though age 67 is today the full retirement age for those born in 1960 or later, many retirement analysts and news articles persistently refer to age 65 as the basis for workforce projections. In fact, age 65 seems to…
America’s Retirement Age: 85 is the new 65!
Old norms take a long time to change, but one lingering phenomenon seems to be changing – retirement age in America. For many decades, age 62 (when Social Security benefits become available) or age 65 (when Medicare becomes available) have…
Claiming SS at 62 vs. Waiting Longer
Age 62 is the most popular age at which to claim Social Security benefits but, as explained in this article at The Globe and Mail, claiming at age 62 also means getting a much smaller benefit for the rest of…
What is the True American Retirement Age?
What do most people think of as America’s “retirement age?” Many think that it is age 62, because that is when you can first claim Social Security benefits. Others consider 65 to be the official “retirement age,” for two reasons…
Examining the “Working After Claiming Benefits” Trend
One of the prevalent trends in the U.S. workforce participation rate these days is the increasing number of folks remaining employed through age 70. Think Advisor senior reporter John Manganaro takes a deep dive into this trend in a post…
A Quick Look at Some Social Security Misconceptions
Many folks aging into Social Security eligibility, as well as many younger folks just beginning to think about their retirement years, have heard a few things about the program. Unfortunately, many of the things they’ve heard may not be accurate.…
The “When to File” Question Again, Along with an Analysis of the Ramificatons
For most folks approaching Social Security eligibility, it’s probably a vexing question…do I file as soon as I can, wait until my full retirement age, or hold off until age 70? The standard answer provided by those close to the…
Life Expectancy, A Critical Piece of the Social Security Solvency Puzzle, Rising Again
Yesterday, the Centers for Disease Control and Prevention (CDC) released statistics indicating nearly a year of growth in Americans’ expected lifespan. Longevity, of course, is a major factor in the long-term financing of Social Security, presenting a challenge to ensure…
Social Security in 2025: Many changes, but some constants.
You’re probably well aware of some of the “regular” changes in Social Security that occur automatically with the calendar changing. Parameters like the taxable maximum, the cost-of-living adjustment, the earnings test limits, and so on are updated yearly to keep…