Although the retirement age in the United States ranges from 65 to 67 years, preparation to ensure a successful retirement must begin decades in advance. From the first years of working life, you can start doing some actions Conditions will improve when they reach the senior stage.
Although it may seem like a no-brainer, It is important to keep in mind that the faster you start saving throughout your career, the better returns you can get in the future.. Experts agree that you need to get in the habit of setting aside a portion of your income to invest in a successful retirement.
In the United States, there are many retirement age models and ages that can change over time. However, there is no single path, so it is also necessary Stay informed about the options availableAmong the most popular are traditional pension plans, 401(k) plans, IRAs, and Roth accounts.
Starting at age 62, a US citizen can begin collecting their Social Security benefits. However, this will mean a decrease in your monthly payments. “If your retirement age is 67 and you retire at 62, expect a monthly reduction of 30%.Alexandra Page, a certified financial planner for Companions On Your Journey, explained in an interview with the site US news.
In addition, in some cases it is appropriate to wait after reaching retirement age to collect the benefits, as accountant general Mike Piper explained, to the aforementioned broker. “the increase Two-thirds of 1% of the basic insurance amount for each month you wait after your full retirement age Until the age of 70, which is the age at which an increase cannot be expected, ”the author of the book also said Social Security made simple.
the 10 important steps to planning a successful retirement in the United States:
To help citizens Design a successful retirement planthe US government has Spanish language guide with interactive tools as worksheets for Set savings goals and deadlinesas well as to organize financial documents and calculators that let you know How much will your Social Security benefits be? And select the The most appropriate age to claim your benefits.
in united states, There are different types of retirement plans.. In the traditional annuitiesThe employer is responsible for the contribution during the years of the employment relationship. Funds grow tax free until withdrawn.
However, there are also so-called 401(k) plansWhere every worker can choose Automate the transfer of part of your salary before taxes to an individual investment account that can be used with some conditions starting at age 55.
Another option is IRA and Roth accountsthat allow employees Make separate contributions to your retirement savings.