Americans Expect to Work Until Age 65 on Average. Here's Why You May Want to Work Longer
The U.S. doesn't have an official retirement age. In fact, there are different perks you're entitled to at various points in time related to retirement. And because of this, landing on a retirement age can be tricky.
Age 59 1/2, for example, is when you can tap a 401(k) or IRA without incurring an early withdrawal penalty. Medicare eligibility, on the other hand, begins at age 65. And full retirement age for Social Security purposes falls at either 66, 67, or somewhere in between those two ages, depending on your year of birth.
In a recent Northwestern Mutual survey, workers landed on 65 as the average age to work until. But there are benefits to working beyond age 65 you should know about.
Source Fool.com
