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Article Summary
- The average retirement age in America is 62, with many people claiming Social Security benefits early.
- Factors such as health issues, job loss, and financial insecurity contribute to people retiring earlier than planned.
- Social Security benefits are reduced for those who claim them before full retirement age, which is typically between 66 and 67.
- Early retirement decisions can have long-term financial consequences, impacting individuals' overall financial well-being.
- Strategies for delaying retirement and maximizing Social Security benefits are discussed in the article.
- The tone of the article is informative and cautionary, highlighting the potential drawbacks of retiring early and emphasizing the importance of strategic planning for retirement.
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Planning To Retire At 65? Most Americans Have To Stop Working Earlier.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
https://www.cbsnews.com/news/retirement-age-in-ame...
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