The Old Age Survivors Insurance or OASI, better known as the Social Security System has age 62 as the earliest retirement age. At age 62, the retiree will receive reduced benefits. Formerly, you could retire at 65 and receive full benefits, but that figure is gradually increasing to age 67. To deterrmine at which age you can retire with full benefits, please visit: Social Security Administration   Source: Wikipedia Online Encyclopedia (Retirement) LINK Many "Retirees" will choose to (or have to due to inflation) continue to work either full or part-time to supplement their pensions and/or retirement benefits. Others might continue working past retirement age to remain active, and maintain social interactions. To learn more about how working will affect your Social Security Benfits, you can call the SSA toll free at 1-800-772-1213   7AM to 7PM Mondays through Fridays.

Many Americans have financial income plans in place for their retirement in addition to their Social Security Benefit. These might include Savings Accounts, Investment Portfolios (Stocks, Bonds, or Mutual Funds), or Individual Retirement Accounts (IRAs) which might include both savings and investments. Also popular are 401(k) plans, which are employer sponsored plan which places a employee determined pre-set amount of earnings (pre-tax) into a variety of investment programs. These non-taxed contributions will be taxed when the money is withdrawn from the account. See also Roth 401k, dealing with "after tax" contributions which are not taxed upon withdrawl.

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