Americans Aged 40 and Over Think 63 Is the Ideal Age for Retirement. But Here Are 3 Pitfalls of Retiring at 63
There's no such thing as an official retirement age in the U.S. You could decide to wrap up your career at 60. Or, you could keep plugging away until age 75.
However, it's a pretty common thing for people to retire during their 60s. And a recent MassMutual survey of respondents aged 40 and older found that on average, 63 is the ideal age for retirement, according to both retirees and pre-retirees.
You may like the idea of wrapping up your career at 63. At that point, you may be young enough to have the energy to travel and pursue different activities, but you're also not leaving the workforce at an unreasonably young age. But while retiring at 63 might sound appealing, here are some pitfalls you might encounter.
Source Fool.com
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