How working longer impacts your retirement
Most people say they don't plan to retire until age 65 at the earliest, but sometimes words and actions don't match. More than half of Americans file for Social Security at age 62 -- the youngest age of eligibility. The normal retirement age, or NRA, as defined by the Social Security Administration is 66 for anyone born between 1943 and 1954, and it's gradually moving to 67 as a result of reforms approved in 1983. The Social Security Administration reports that 73 percent of workers who filed for benefits in 2009 were filing early -- that is, sometime before their full retirement age.