Remember when retirement meant 65?
I just got my annual social security statement.
Full retirement now means 67.
To get the highest monthly payment, the statement suggests waiting to 70.
Similarly retiring at 62 yields the lowest payment.
That 70 number looks attractive... I sure hope you love your job.
And more importantly, I sure hope it loves you. I find it hard to imagine doing the job I do now at 70, given the competition from college hires and the developing world as well as the rate of change.
Im sure there are a lot of folks who plan to work until 70. I just wonder if there will be jobs around for them to work.
