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What is the True American Retirement Age? - USA Today
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 – because that is when you are eligible for Medicare and that’s also what many thought Social Security’s full retirement age is (or was). Still others believe “retirement” usually commences at age 67, because that is the new age at which many are eligible for Social Security without suffering a reduction. And some think of their full retirement as coming at age 70, because that is when everyone’s maximum Social Security benefit is achieved.
Reality is that retirement is different for everyone and depends on your personal circumstances, as discussed in this interesting USA Today article by Daniel de Visé.
Social Security is a complex topic. If you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security or enrollment in Medicare, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of these programs. All questions are answered quickly, at no charge. Learn more about it here…