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Retirement Age

2 GoKawiil briefs on this topic

Bill proposed in Congress would lower Social Security full-benefit age for physically demanding jobs

A newly introduced bill would allow workers in physically demanding 'blue collar' occupations to claim full Social Security retirement benefits earlier than the current age of 67. Roughly 40% of U.S. civilian workers hold jobs involving heavy lifting, carrying, pushing or pulling, a group the bill's supporters say faces greater physical strain by retirement age. The current 67-year threshold applies to anyone born in 1960 or later.

Airline Pilots' Peak Pay Masks Volatile Income and Retirement Tax Risks

Airline pilots can earn up to $100,000 in a single month during busy periods, but that pay swings based on seniority, aircraft type, schedule and hourly rate, per the Wall Street Journal. Roughly 4,300 pilots hit the FAA's mandatory retirement age of 65 each year through 2042, often leaving with a combined pension, 401(k) and brokerage assets worth millions, all becoming taxable around the same time.