3 Rules for Picking the Perfect Retirement Age

What's the best age to retire? It's a question that countless workers ask themselves every day. Pinpointing the right retirement age isn't easy, as each choice comes with its own consequences. Leave the workforce at 62, for example, and you'll slash your Social Security benefits should the need arise to claim them right away. But, you'll also get more years of payments, not to mention the ability to enjoy some downtime when you're younger and are apt to have more energy.

It's also easy to make the case for retiring at 70. Doing so will allow you to maximize your retirement plan contributions for longer while boosting your Social Security benefits. On the other hand, you'll have a shorter retirement to look forward to.

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Source: Fool.com