How much you can lose by retiring at 62 depends on Social Security, savings growth, and pensions. Starting Social Security at 62 usually cuts monthly benefits by 25% to 30% compared to waiting until ...

Here are five key factors to consider when evaluating whether retiring at 62 is the right fit.

Another good reason to claim Social Security at 62 is if you're in poor health and don't expect to live a long life. Filing early might reduce your benefits on a monthly basis. But if you only live ...

It's taboo to ask a person how much money they have, but we all want to know where we stand; here's some of the latest data.

As of 2022, the median retirement savings account balance for American households of those aged 55 to 64 was $200,000, according to the Federal Reserve. So if you alone have $490,000 saved for your ...

Those who work long, high-paying careers can receive thousands of dollars above the average Social Security benefit.

The ideal retirement savings at age 60 depends on who you ask. Fidelity says that you should aim to have eight times your salary saved by 60. Factors such as your planned retirement age and spending ...

When it comes to retirement planning, clients often have one burning question: how much money do you need to retire? A quick internet search reveals varying figures, which isn’t surprising as there ...

(NEXSTAR) — You can, technically, retire whenever you like, but the age at which you do it can have a big impact on collecting Social Security benefits. Retirement benefits from the Social Security ...

If you're turning 62 in 2026, it means your full retirement age for Social Security is 67. Filing for benefits at 62 will result in a 30% reduction, which could be a very big deal if you expect Social ...

Many workers look forward to escaping the demands of the working world as soon as they’re able to. But whether you’re a Financial Independence, Retire Early (FIRE) proponent or someone just looking to ...

Not everyone wants to retire early. After all, a 9-5 day job brings steady income, a sense of purpose, and keeps one engaged in physical and mental activity. In fact, so many folks find it difficult ...