How much money would a person in Singapore need to retire and spend their days in comfort? The very high per capita GDP ...

Claiming Social Security at age 62 reduces your benefit by up to 30%. When you've spent four decades or more in the workforce ...

One of the most important parts of the program, especially for married couples, is Social Security spousal benefits.

How much do you know about money? The way you answer this question determines a lot about how ready you are to retire, says ...

Many Americans in their peak earning years worry about being able to afford retirement. Here are some strategies to make sure ...

I contribute 15% to my 401(k), which is currently valued at $165,000. I also rolled over an old 401(k) with $125,000.” ...

As you can see from the table below, the median retirement savings for those aged 55-64 ($185,000) and 65-74 ($200,000) are far below that $1.26 million "magic number." ...

Everyone's eventual retirement situation — and current savings capability — is different (Image credit: LordHenriVoton / Getty Images) By Becca Stanek, The Week US published 4 weeks ago ...

If the age of eligibility for full Social Security benefits rose from 67 to, say, 70, America’s average retirement age would probably resume its upward drift, Munnell said.

The typical retirement age in 2024 was 64 for men, 62 for women. The upward trend is slow, but striking. In 1994, the average man worked to age 61, while the typical woman clocked out at 59.

But you should know that claiming benefits at 62 will mean reducing them substantially — for life. If you’re 62 now, it means your full retirement age for Social Security purposes is 67.

The 5 Year Differential Social Security Benefits Calculator Note: In 2025, the maximum Social Security benefit is $2,831 at age 62, $4,018 at full retirement age (67), and $5,108 at age 70.