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What is the legal age for retirement in the U.S.?

In Canada it is 65 but changing it to 67! : (

 
sarasmommy777

Asked by sarasmommy777 at 12:01 AM on Jul. 7, 2012 in Politics & Current Events

Level 35 (70,598 Credits)
This question is closed.
Answers (4)
  • You can retire at any age you want, but for medicare the age is 65 and you can get SS at 62 but it's a reduced amount. For full SS benefits you can retire at 65 if you were born 1937 or before. After that it gets older. I was born in 1959 and full retirement age is 66 years 10 months.


    If you start your retirement benefits at age 62, your monthly benefit amount is reduced by about 30 percent. The reduction for starting benefits at age

    63 is about 25 percent;
    64 is about 20 percent;
    65 is about 13.3 percent; and
    66 is about 6.7 percent.

    Full retirement age:
    1959 66 and 10 months
    1960 and later 67
    DSamuels

    Answer by DSamuels at 12:31 AM on Jul. 7, 2012

  • I believe it's 62 now but expect that to change dramatically in the coming years.
    BrawnwynII

    Answer by BrawnwynII at 12:05 AM on Jul. 7, 2012

  • Early retirement without full benefits is 62--for now. Full retirement with benefits has been bumped up to 66 for most people; it is expected to go up to 70 in the not too distant future. Go to www.ssa.gov. I'll be working a year and a half after I'm legally dead. *Smile.*
    Ballad

    Answer by Ballad at 12:31 AM on Jul. 7, 2012

  • If you've been planning for early retirement and not depending on the government, you can make that decision whenever its right for you.
    Rnurse

    Answer by Rnurse at 8:53 AM on Jul. 7, 2012

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