My advice is: work as long as you can. The longer you work, the more retirement benefits you receive in terms of pension & social security. You want the MAXIMUM amount of pension & social security in order to live a half-way decent socioeconomic life. It is best to work until you are at least 75, preferably above, to get the maximum of your pension & social security.
It is UNWISE to retire early because you will only receive the minimum allotted amount of your pension. If you retire early(55 years of age), you will not be able to receive your social security payments until you are 62 years of age which will also be minimum. The LONGER you wait for retirement, THE BETTER for all involved. Also, it is also best to have some annuities & investments. Pension & social security are not enough for a decent socioeconomic living standard.
by Petra Vlah 6 years ago
Through our working years we all paid for Social Security and Medicare, so why are they considered entitlements when in fact we contributed our own money into the system?
by Kieron Walker 4 years ago
When is the best time to retire?
by Ralph Deeds 5 years ago
http://www.nytimes.com/2013/03/31/opini … ef=opinionSocial Security, Present and FutureBy THE EDITORIAL BOARDPublished: March 30, 2013 6 Comments"In the fight over the federal budget deficit, Social Security has so far been untouched. That may soon change.Today's Editorials"In last...
by OLYHOOCH 7 years ago
THIS SENIOR CITIZEN NAILED IT! E-mail just in.This is a Must read!!! This guy has it right!Alan Simpson, Senator from Wyoming , Co-Chair of Obama's deficit commission, calls senior citizens the Greediest Generation as he compared "Social Security" to a Milk Cow with 310 million...
by LAURENS WRIGHT 2 years ago
If the Social Security fund is running out, what are your plans for retirement ?The Social Security Fund is suppose to run out in 2030 and a reduction of 20 % in 2016.
by PR Morgan 7 years ago
Do you think Social Security will be around when your grandkids retire?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|