Key Points Know that the full Social Security retirement age for someone born in 1960 or later is 67. Your benefits will be reduced or increased based on whether you claim before or after that point. Earning over a certain amount while claiming Social Security early can temporarily reduce your benefit. The $23,760 Social Security bonus most retirees completely overlook › There are many different working parts to the Social Security program. Some people, including me, would argue that there are to ...

If your retirement income meets your lifestyle bucket, then you should generally be fine. You can probably retire comfortably, provided you’ve got proper risk management in place, including long-term care insurance . The same is true if your retirement income meets the aspirational bucket, in which case good for you.If your retirement income won’t meet the needs bucket, then you simply can’t afford to retire, not yet. You will lose the house. If it meets only the needs bucket, then you can technically affor ...