Ask Terry Questions Regulations history and age?

Regulations history and age?

By Terry Savage on March 11, 2024 | Financial Planning / Retirement

I am curious to learn the why and the history of the different ages for retirement. Specifically, why are the ages different and why isn’t there a push to lower the ages especially when half of people over 50s are forced out of their jobs? 401k – 59 1/2, Medicare- 65 and Social security-62-70. My former employer Boston University forced me out in 2023 after 16 years of loyal service at 56 years old so I am facing these issues head on and want to share my story to make a positive impact. Any suggestions?

Terry Says

It’s happening to a lot of people — either because of younger more tech-savvy workers, or changes in the economy. Please check out several of our podcasts on the subject at — and definitely check in at for their MANY articles on reimagining your future and regaining employment — in far different ways than you might have considered on your own.

Retirement is a state of mind, as much as a state of finances. You’re way to young to be considering lifetime retirement– so look forward, not backward.

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