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Reply to "Why do people think Retirement Age is 65?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am retiring next week and just turned 65. My Medicare will start May 1 and I will get my first Social Security payment the end of May. While it is not official yet, I know my job position is targeted for layoff. So it is time for me to leave on a happy note instead of a company wide layoff bloodbath. Most of my friends had one person in the couple retire before 65 while the other waits or age 70. This is standard operating procedure. There are few good jobs in corporate America now, and most of us in our 60s are sick of it. [/quote] why not stay for layoff? Most places I worked at everyone 60 and over stayed for layoff. Like a gift. [/quote] Because they don’t do a lump sum. They just keep paying you for a few weeks. My Social Security will be more than I would get from them. [/quote]
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