What is the age of retirement?
There are several ways to define retirement age. It can be an age in which people can start collecting state pensions or money from other pension accounts. It can also be just an age in which people stop working, whether they get some form of retirement. In the second example, the retirement age could vary significantly, but in the first case most countries have specific rules on when people are considered to be eligible to retire.
in countries like American people, they can achieve an early retirement age at the beginning of the 60's. The specific year in which the person can retire and collect state funds is often based on the year of birth. While the normal retirement age has once been considered 65 years, people can now wait for them to fully retire. With earlier retirement, social security benefits are reduced by a certain percentage. Another interesting fact is that people who leaveretired soon and continues to work, they may have a part of their retirement in the first years. Normally, if people have achieved full age of retirement, they can continue working and gathering full retirement; This may vary in politics according to the country.
The reason why the question of work and retirement is so important is that many people with insufficient savings do not find that they can live comfortably in any form of pension/social security. Especially in the US, those who have invested or who have received pensions in large companies may have lost all or part of this money with an economic decline or thing such as the bankruptcy of the company. This may mean that the retirement age can refer to the gathering of government money, but not to get anything else. For this reason, many people who reach the retirement age often feel that they have to continue to work, and exisThere are also economists who believe that the idea of retirement without work will be short -term and likely to people in future generations.
One thing that many economists recommend is to start depositing and cautiously invest means to cover the shortcomings of any pension fund or income from social security. Most suggest that these investments should start when people are still in their twenty. A diversification investment is recommended for minimizing risk. Given the strong investment profiles, people can be able to determine what retirement age is suitable. Yet even investors are subject to losses, as evidence was clearly evidence that in 2008 a rapid decrease in the stock market was thoroughly carried out. This economic disaster postponed retirement for many investors.