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Reply to "if you were able to retire early (55-62) how did you do it"
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[quote=Anonymous][quote=Anonymous]Side question....Is age 62 considered "early retirement"? I always thought early retirement was in the 50s but due to less favorable economics, is early 60s the new "early retirement" zone? Just curious what others are thinking? [/quote] One metric to look at is what Social Security considers to be your Full Retirement Age. https://www.ssa.gov/retirement/full-retirement-age Anything less can reasonably be defined as "early retirement", because for SS purposes you'd be either ineligible for benefits (i.e., before age 62) or would be accepting permanently reduced benefits for your lifetime. Another metric could be eligibility for Medicare, which typically becomes available at age 65. https://www.medicare.gov/basics/get-started-with-medicare/sign-up/when-can-i-sign-up-for-medicare Those ineligible for Medicare because they are not yet age 65 could reasonably be considered to be taking early retirement. [/quote]
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