what is my retirement age if born in 1959?
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If you are a woman born between April 6 1954 and April 5 1959 you will receive your state pension on your 66th birthday.
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This is the amount you would receive at your full retire ment age, 65 or older, depending on your date of birth. This age will increase gradually each year until it reaches 67 for people born in 1960 or later.
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If you were born in 1960 your full retirement age is 67.
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Retirement Age – Born in 1973 For those people who were born in 1973, your retirement age is now your 68th birthday. This is an increase in retirement age from 67 which was announced in July 2017. This means that you will be retiring in 2041.
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This means that those those people who were born in January 1954 have a retirement date as follows: For those born between (and including) 1st to 5th January 1954, you will have a retirement date of 6 March 2019, i.e. age 65 and 2 months.
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For those people born in 1971 you are caught in a tranche of people who will now have their retirement age increased from 67 to 68 years old. Therefor some people will be able to retire before their 68th birthday and those born after 5th April 1971 will retire on their 68th birthday.
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The basics. If you retire at 55, and the average life expectancy is around 87, then 300K will need to last you 30+ years. If it's your only source of retirement income, until the state pension kicks in at around 67/68, then you are going to have to budget hard to make it last.
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Here's the short answer. You can start receiving retirement benefits as early as age 62, but benefits are reduced if one takes benefits prior to full retirement age. For anyone born in 1960 or later, full retirement age is 67. Whether to take benefits at the reduced rate at 62 is entirely your decision.
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Here's the short answer. You can start receiving retirement benefits as early as age 62, but benefits are reduced if one takes benefits prior to full retirement age. For anyone born in 1960 or later, full retirement age is 67.
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For the full retirement benefit, you must be 62 years old at retirement or, if you have 30 years of credited service, you may retire as early as age 55.
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If you were born on 1 July 1954, your State Pension age is 65 years, 8 months and 5 days.
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In the United States, the term "full retirement age"—also known as "normal retirement age"—generally refers to the age you must reach to be eligible to receive full benefits from Social Security. This age can vary depending on when you were born.
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If you were born between 1943 and 1954 your full retirement age is 66.
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If you were born in 1957 your full retirement age is 66 and 6 months. If you start receiving benefits at age 66 and 6 months you get 100 percent of your monthly benefit.
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Your full retirement age depends on your birth year: Under current law, if you were born in 1951 or later, your full retirement age is now some point after age 65—all the way up to age 67 for those born after 1959. If you were born before 1951, you've already reached age 66 and full retirement age. Source: ssa.gov.
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In the United States, the normal retirement age of 65 is already set to rise, under legislation introduced by Ronald Reagan in 1983. Workers born after 1943 will not become eligible to receive a full pension until the age of 66. Those born after 1959 will have to wait until they are 67.
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If you were born between 1943 and 1954 your full retirement age is 66. If you start receiving benefits at age 66 you get 100 percent of your monthly benefit. If you delay receiving retirement benefits until after your full retirement age, your monthly benefit continues to increase.