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The New Trend - Retiring Later & Working Longer
Trina Paul of CNBC reports that a jittery stock market and record high inflation are combining to keep seniors in the workforce longer, thus pushing retirement further away. She also notes people are living longer and retirement costs are far higher than they used to be. While Social Security benefits can still begin at age 62, starting at that age now comes with a larger “cut” in benefits given that the full retirement age is now 67 for all born in 1960 or later. Full article here.
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