answersLogoWhite

0

Retirement in the US is an option rather than a law. A person who reaches retirement age may stop working and live off their available retirement funds; however, they are not required to stop working.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What age should one start planning their 401k retirement plan?

A person retirement age determines when and how a person can access a persons retirement money. Retirement age rules vary from plan to plan and from country to country.


Is retirement age for women is sixty five or sixty six?

I just want to know what age I must be to retire and get full social security benefits The age of retirement varies now according to your age. The Social Security website lists the new ages. If you were born between 1943 and 1954, it's age 66.


If my d.o.b. is 12 14 1956 when is the earliest I can retire at full retirement age?

That depends on where you live and what the retirement age is in that country


Explain the effect an increase in the retirement age would have on a country's ppf curve?

An inrease in the retirement age would effectively increase a country's labor supply, shifting the production possibilities curve right.


What is retirement age if born in 1992?

The typical retirement age varies by country, but in many places, it is around 65 years old. If someone was born in 1992, they would reach this age in 2057. However, specific retirement policies and ages can change over time, so it's essential to check the regulations of the relevant country or retirement system for the most accurate information.


What is average retirement age set for europeans?

The average retirement age for Europeans can vary by country, but it is typically around 65 to 67 years old. Some countries have implemented reforms to increase the retirement age in response to changing demographics and pension sustainability concerns.


What is full retirement age for someone born in 1950?

Statutory retirement and receiving a state pension depends on the legislation of the country in question and varies.


What is the retirement age for a choir director?

There is no set retirement age for a choir director as it varies depending on individual circumstances and country-specific regulations. In many places, retirement age is determined by government policies, employment contracts, or personal choice.


What is the set retirement age?

The set retirement age varies by country and pension system. In general, the retirement age ranges between 60-67 years old in many countries, but it is subject to change due to policy decisions, economic factors, and demographic trends. It's important to check with the specific regulations in your country or region for the most accurate information.


Do you have to retire?

You do not have to retire unless a certain retirement age is part of your job requirements, such as with law enforcement, or unless you can no longer perform your responsibilities.Answer:In some jurisdictions the establishment of a mandatory retirement age has been declared discriminatory and cannot be used as a reason to terminate your employment. As an example, the normal age for retirement in Canada is 65, however one cannot be forced to retire at that age. Labour laws in the country do not specify a retirement age.


What age is Retirement?

Retirement age varies by country and often depends on the specific retirement plan or pension scheme. The traditional retirement age in many countries is around 65, but some may allow people to retire earlier or later based on individual circumstances.


Usual age of retirement?

What is the retirement age for someone born in 1954.