US retirement age inches upward

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US retirement age inches upward

12wonderY
Modifié : Août 15, 2019, 12:30 pm

I was talking to my younger brother yesterday and he remarked that he had two more years to work before Social Security kicks in. He was wrong. He actually has 3 years and 4 months. But it seems that many citizens haven't yet realized that the age for full SS benefits continues to creep up. For our parents, the golden number was 65. But the SSA has changed retirement by 2 month increments over more than a decade. My younger siblings will mostly have to wait till 67. For the youngest, that seems like forever. And who knows whether the goal will shift again before they get there.

An exchange with that youngest sibling this morning:

Her: But I'll never retire. I will die here....
Me: That'd be messy.
Her: Not my problem.

2WholeHouseLibrary
Modifié : Août 15, 2019, 12:18 pm

Sixty-seven is the new sixty-five. Over time, age may vary.

3John5918
Août 15, 2019, 1:43 pm

Same in UK. I will have to reach the age of 66 before I get my state pension, although some of my age-mates who were born earlier in the same year as me will still get theirs aged 65, as the cut-off date is somewhere in the middle of the calendar year.

Women in the UK had their retirement age raised from 60 to 65 (or later) a few years ago.

4Tess_W
Oct 5, 2020, 6:13 pm

I have to wait until 66 and 2 months.

5bernsad
Oct 5, 2020, 6:23 pm

In Australia it is currently 66 or 67 depending when you were born.

62wonderY
Oct 5, 2020, 6:37 pm

I turned the golden 66 in May, and was able to say bye-bye to work within the month. Ah! The living is easy!

My brother decided to forego full retirement and went early. It went surprisingly smoothly. The SSA reps seem very dedicated and helpful. Mine took the time to look up and report that I’d get more from my long deceased husband’s account. Bless that rep!

7John5918
Oct 5, 2020, 11:47 pm

>6 2wonderY:

Congratulations! I turn 66 next month.

8Tess_W
Oct 6, 2020, 10:05 am

I'm 65 but since I did not want to go back to teaching in the fall, I retired early; am going 7 months with no income, just living on hubby's till next March. Didn't think I would like retirement, but I'm loving it!

9haydninvienna
Oct 6, 2020, 10:19 am

I'm 71, about to retire for the second time, and working on finding a new job.

10Tess_W
Oct 6, 2020, 3:45 pm

I should not say that I'm retired fulltime--I gave up teaching fulltime in person effective fall quarter. I'm teaching a course online for a university, though, and will probably keep my feet in through that manner. It takes about 2 days per week, at home, in front of the computer, in my jammies, if I want!

112wonderY
Oct 6, 2020, 4:46 pm

And, despite what I said, I’m not quite kicked back. I’m moving my household to an adjacent state; so far, all by myself. Today I’m learning the intimate geography of my new yard - every rock, hole and stump, through the overgrowth. Mowing this yard is more challenging than my place on the ridgetop in some ways. My next several seasons will be devoted to planting gardens to minimize the mowing.
And I’m hoping to help with the grand baby on a regular basis.