Health Care Reform: Safe Harbor for Determining Full-Time Employee Status. New guidance has been issued on two requirements under the Patient Protection and Affordable Care Act (the Act) that will become effective in 2014.
Early retirement benefits will continue to be available at age 62, but they will be reduced more. When the full-benefit age reaches 67, benefits taken at age 62 will be reduced to 70 percent of the full benefit and benefits first taken at age 65 will be reduced to 86.7 percent of the full benefit.
You can start receiving Social Security when you retire at age 63. But you will receive a lower monthly benefit than if you wait until you reach full retirement age. It's not easy to figure out how much money you should plan to withdraw from your savings each year. A traditional approach is the so-called 4% solution.It requires you to start with a 4% withdrawal from your nest egg when you retire and increase the amount each year only by the rate of inflation.ponsored Links. Q: I will be 63 when I plan to retire in July. My 401(k) is all I've got, and I would like to make the money last as long as I can.