A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Full Retirement AgeThe age at which you can collect your complete Social Security benefit without any reduction for claiming early.
- Early RetirementLeaving the workforce before the traditional retirement age, which requires enough savings to bridge years without a paycheck.
- Social SecurityA federal program that pays monthly income to retirees, funded by payroll taxes collected during your working years.
- MedicareThe federal health insurance program for people age sixty-five and older, covering hospital and medical costs in retirement.
- Required Minimum Distribution (RMD)The minimum amount you are required to withdraw from certain retirement accounts each year once you reach a set age.
- Catch-Up ContributionAn extra amount people age fifty and older can add to retirement accounts beyond the standard yearly limit.
Turn this into a brick
Knowing what Retirement Age means is knowledge — the first half. A brick gets placed when you act on it.
More in Retirement
Plain-English education — not personalized legal, tax, or investment advice.