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Huge Numbers of MTs Have Recently Hit Retirement Age - But what is retirement age
Posted: May 18, 2010
I've heard for maybe 10 years now that right now, 2010, is when vast numbers of MTs were supposed to hit retirement age and quit work.
What is retirement age?
I don't want to retire, but when does a person really need to retire even if they don't want to?
you can start collecting - social security
[ In Reply To ..]at 62, but you have to weigh the benefits vs. the drawbacks of waiting to collect until you are 65. If I were faced with this, I would take the money while it's still available:)
Sadly many MTs may never truly retire...may work themselves to death instead just trying to make ends meet.
But what if you're like me and you love your work and - Dont Want To Retire
[ In Reply To ..]Is there an age where you just have to because someone makes you? How old can someone be in this industry?
According to SS rules, once you've reached full...sm - Nope!
[ In Reply To ..]retirement age, you can work as much as you want without affecting your monthly benefit amount. That's what I fully intend to do. Not sure if SS $$ will be there anyway, since they keep diverting away any $$ for other ridiculous purposes and/or benefits to illegals (yes it DOES happen - I have a friend in FL who can attest to that!). There is no way, legally, that they can make you quit so enjoy your working years!
So is Age 65 your full retirement age? - Wondering
[ In Reply To ..]Is it 65 years?
I think it depends on your birthdate. For some, it - may be moved up to 72
[ In Reply To ..]Check the SSA.gov site for accurate info.
According to our SS Statements each year . . - anon
[ In Reply To ..]My husband and I have gotten statements every year from SS since we were about 45 years old or so, are now 55, and it breaks down your monthly benefit if you retire at age 62 = a certain monthly benefit, age 66 is considered full retirement age, so the monthly income goes up, and then it gives you an even higher monthly amount if you want until age 70 to retire. (They base this on the assumption that you will keep earning your present income until that age that you retire. If your income drops before then, or you quit working, your monthly benefit will also go down - they use the quote "At your current earnings rate, "). At age 62 you can earn a certain amount each year w/o affecting your benefits, which is what I intend on doing, then hopefully can work part-time for the next several years.
Full retirement age - Retired MT
[ In Reply To ..]My full retirement age was 65 years and 8 months in 2006. I was born in 1941, but I took early retirement at 62 due to illness and later worked part-time. Can't get Medicare until full retirement age--main difference.
Retirement age - Transcend MT
[ In Reply To ..]I am 64, and took early retirement at age 63, which you can do, and I did compare that to what I would receive if I waited until age 65, and there was not that much difference, particularly since I started working at age 16, part time in the summer, and through my college years. I then began working full time after 3 years of college at age of 20. I have worked steadily since that time, only taking time off for needed surgeries or pregnancies. The age of retirement has moved to the age 70 now and may go further soon. For me, I don't know when I will retire, but would like to eventually work part-time because I will have Medicare when I turn 65 next year.
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