Retirement savings don’t stop the day you turn 65. Smart seniors use specific strategies to squeeze more money out of their nest eggs and stretch what they’ve already saved. Find Out: Avoid This Retirement Savings Mistake That’s Costing Americans Up To $300K Read Next: 5 Clever Ways Retirees Are Earning Up To $1K Per Month From Home These aren’t complicated financial maneuvers requiring advisors or special accounts. They’re practical moves that add thousands of dollars annually to retirement budgets. 1. ...

The retirement age in the U.S. — the age at which you become eligible for retirement benefits — is 62 for Social Security and 59½ for penalty-free withdrawals from 401(k) and IRA accounts. That was easy, right? Well, not so fast. Like many things related to retirement, understanding your eligibility for benefits and deciding when it makes sense to start claiming them isn’t quite that simple. But don’t worry; in this article, we’ll help you figure out your retirement age and how to maximize your benefits ...