I recently attended a weekend barbecue with some neighbors, and at one point the conversation shifted from the usual topics — family updates, local news, sports, and politics — to retirement. Strangely enough, it was raised by a friend’s daughter, Barbara, who is in her early 30s. I was a little surprised (but encouraged) that she was already doing some retirement planning at that age.
Barbara is a bright, hard-working human resources manager with a promising future, but after 10 years in a challenging work environment, she said she was beginning to feel a little fatigued. That’s certainly understandable. She and another 80 million millennials have had the misfortune of joining a workforce that’s experiencing some major disruptions. For most workers, America’s recent economic restructuring has led to less job security, lower wages, fewer benefits, and longer hours. That’s not exactly a recipe for long-term optimism if you’re a thirty-something.
With this in mind, it didn’t take long for me to realize that Barbara raised the issue of retirement not because she was interested in long term financial planning, but instead out of sheer frustration. Barbara’s question was, “What is the earliest age I can begin receiving my Social Security retirement benefit?” To read the full article Click here