How to Pick the Right Age to Retire for You
Most people have a magic number in their heads when considering retirement. Maybe you're on a fast track to lock in your pension and retire by age 55. Or perhaps you're hoping to retire when you have grandkids, whenever that might be. Perhaps you're not interested in retiring yet and hope to work well into your 60s and 70s.
All of those ages can work, as long as you've done the research to make sure they're a fit for your current savings and investments. Experts say that choosing the right age for retirement requires that your diverse retirement portfolio aligns with the realities of certain assets, such as Social Security and Medicare. Choosing the right age then depends on factoring all of these things into your own personal situation.