BlackRock CEO's Perspective: Is Retirement at 65 Premature for Americans?
Wednesday, 3 April 2024, 10:18
Considering Retirement Age
While 65 may be a common age to retire, there are some drawbacks involved. It's the age at which senior discounts start, and Medicare enrollment begins.
Retirement Implications
Retiring at 65 can lead to reduced Social Security benefits and potential longevity concerns. BlackRock CEO Larry Fink suggests that the current retirement age norm may not be suitable in today's context.
Work and Savings Strategy
- Delaying retirement may result in higher Social Security benefits and more financial security.
- Working longer can help bolster savings and extend the longevity of retirement funds.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.