Are You Ready To Retire at 67? Take Our Quiz to Find Out
Is 67 the perfect age for you to retire? Answer these 5 questions and find out.
When it comes to retiring, 67 seems like the perfect age. If you were born in 1960 or earlier, you're old enough to collect full Social Security benefits, plus, because you're over 65, Medicare has already kicked in.
At 67, you're still young enough to enjoy life. If you've been saving over the years, you likely have a decent nest egg to live off of. Even if you don't, by waiting until age 67, Full Retirement Age (FRA), you won't have to worry about a reduction in your Social Security benefits.
It's also likely that other people around your age are preparing to retire or have already left the workforce. This factor can help with the social and emotional side of retiring.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
But that doesn't mean you have to follow suit unless you are completely ready. You may still want to go to the office every day. On the flip side, you may love the idea of having nothing but free time on your hands. Either way, before you retire at 67, make sure you are ready by taking our quiz.
If you answer yes to these five questions, it's smooth sailing ahead for your next chapter. If you answer no to most of them, you may want to hit the brakes, at least for now.
More on Retirement, from the Kiplinger team:
