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Varying Retirement Ages

It was Mark Twain who said “Find a job you enjoy doing, and you will never have to work a day in your life.”  While that may be true, most of us still want to retire eventually. Many of us dream about early retirement.  Alas, the bulk of people appear to retire in their 60s. According to SmartAsset’s analysis of U.S. Census Bureau data, the average retirement age in America is 63-years-old.  The average retirement age varies by state, with a low of 62-years-old and a high of 65-years-old. New Englanders are associated with the highest average retirement age.  

Anirban tells us why that may be the case. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.