Definition of Pending. A home that is set to close and all contingencies have been waived. This is when the lender, the escrow agent or attorney will process the loan and title documents to make sure the deal will close on time. Sometimes, the sellers may still accept backup offers on pending listings, but it's best to contact to your agent to find out if it's possible to submit this type of offer.
The majority of all age groups expect to retire at age 65 or older. This includes 62% of 18- to 29-year-olds, 62% of 30- to 49-year-olds, and 58% of 50- to 64-year-olds. At the same time, an optimistic 15% of the youngest age group expect to retire before age 60. Adults closer to that age are naturally less likely to think they will be ready for retirement by that point.
Social Security retirement age. To help improve Social Security's finances, Congress decided that the retirement age should be raised to 67. This is phased in gradually, starting with retirees who were born in 1955. For retirees born in 1954 or earlier, full or normal retirement age is 66 years of age. After that, two months are added to the full retirement age for every year until 1960, when the full retirement age reaches 67. With that in mind, here's a chart that can help you determine your full retirement age: