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The Shifting Full Retirement Age

As indicated by writer Diane Oakley writing in Forbes Magazine, nearly 20 million working Americans between the ages of 55 and 64 have no money in 401k retirement accounts and lack a pension. These near-retirees have little time to reap the benefits of compound interest to help expand their nest eggs at a time when interest rates are still quite low.  With these forces working against them, financial advisors frequently recommend that these folks keep working, in part to avoid drawing on Social Security until they reach full retirement age of later.  

Anirban tells us more. 

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.