In 1991, Social Security’s full retirement age was 65, but today it is around 67 with the average American retiring at 62. According to North American Community Hub Statistics, health issues, caregiving needs, and layoffs contribute to the gap between expected and actual retirement ages. Factors like financial needs, health, and retirement goals determine the best age to retire, whether it’s early at 62, at full retirement age (between 66 and 67), or delaying until 70 for maximum benefits. Medicare eligibility at 65, post-retirement income considerations, and having a plan for life after retirement are key factors to consider. Plan according to your individual circumstances to make the right decision for you.

Read more at Yahoo Finance: Is This the Perfect Age to Start Collecting Social Security?