My 73-year-old relative is being charged a 50% penalty for failing to take his pension distribution at 70. Is that legal?
Recently, he was told that he should have started to withdraw the pension at age 70 ½. He is now being told that he will be ...
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What Is the Average Retirement Age in the U.S.?
The average retirement age for Americans is 62. The average retirement age has increased by a few years since the early 1990s, when the average American retired at 57. The expected retirement ...