Before you wax nostalgic for the good old days when you could count on pensions and Social Security to support you in your golden years, remember that those days were relatively brief -- not so much an era as an aberration.
The whole concept of retirement is fairly recent, an experiment that began with the creation of Social Security in 1935, observes Ken Dychtwald, a gerontologist and authority on aging in the U.S.
With the country facing massive unemployment during the Great Depression, Social Security was a way of providing older workers with guaranteed income so that they could leave their jobs, freeing up slots for younger workers.
"No one considered whether a life without work would be satisfying or sustainable," says Dychtwald. Even when traditional pension plans were at their peak in 1985, fewer than half of Americans working for private companies were covered.
As the leading edge of the baby-boom generation turns 60 this year, "it's time to retire retirement," declares Dychtwald, author of The Power Years: A User's Guide to the Rest of Your Life.
And he doesn't think that's necessarily a bad thing: "Like a great dessert, too much leisure can make you sick after a while. Boomers don't want to fade into obscurity. They want to trade success for satisfaction."
If your question is in regard to US Social Security benefits, and losing part of your benefit if you earn too much, once you have reached full retirement age you can earn any amount, and not lose benefits.
How much can you earn, if you retire at 62 and still work.
where can i get info on how much will i receive from social security when i retire at age 62 or how can get in touch with social security
The earliest age that you can retire is at 62 years old.
Most Americans retire between the ages of 60 to 70, with the average age being around 65. However, retirement age can vary based on individual circumstances, such as financial stability, health, and personal preferences.
if i retire at the age of 62 how much money can i make.
The average age a photographer retires is around 62
You will not need anything to retire at the age 62. Simply contact the Social Security office to sign up. You will need to speak with your employer if you have one to see about their requirements.
Decided to retire at age 62. Do I need to make an appoitment at my nearest SS office? What Documents are needed ?
You will not need anything to retire at the age 62. Simply contact the Social Security office to sign up. You will need to speak with your employer if you have one to see about their requirements.
At the age of 62, a person can retire with social security benefits. Therefore, a person at the age of 62 or older could be considered a senior citizen.
The $14,160 that you can earn when you retire at the age of 62 is a gross payment. This actual net amount a person will receive can vary depending on their employment history.
The age at which you can retire and start collecting full Social Security benefits in the United States ranges between 66 and 67, depending on your birth year. However, you can choose to retire earlier with reduced benefits starting at age 62. Additionally, you can retire at any age if you have enough saved in retirement accounts to support yourself.