Are You Prepared to Delay Retirement? Here's Why You Might Have To
While some people intentionally choose to delay retirement, you may be eager to exit the workforce as soon as you're able to. And after many years of hard work, that makes sense.
Many people opt to close out their careers once they reach full retirement age (FRA) for Social Security purposes since that's when they're entitled to their full monthly benefits based on their lifetime earnings. That age is 67 for anyone born in 1960 or later.
If that's the boat you're in, you may be targeting age 67 as the year you'll close out your career and embark on an exciting new stage of life. But don't count on retiring at 67 just yet.
Source Fool.com
