Retire at 56?

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Do you decide to start your retirement at the age of 56? In doing so, however, you should ask yourself whether you can make these deductions.

Who does not know the tiresome topic with the pension? People want to work longer and longer, now even up to the age of 67. But what if you want to retire earlier? already thinking about wanting to stop working at the age of 56. You will learn how to do this in the following guide.

From when you can retire

  • The regulation of when you can retire changes almost every year. The trend is, however, that you have to work longer and longer.
  • At the moment, the retirement age is being gradually increased from 65 to 67. Sometimes this depends on when you were born.
  • So, if you were born in 1947, after your 65th birthday, you have the opportunity. Year of age to retire. However, if you saw the light of day in 1964 or later, you have already worked for 67 years, and the trend is rising.

But what does this mean if you decide to retire at the age of 56 and, most importantly, is this even possible?

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Calculate the deduction of the payments with 56

  • If you do decide to retire at 56, expect to get hefty allowances. These are also not limited to certain years, but are valid for life.
  • Assuming that you have to work until the age of 67, that is 11 years which you will be missing. You will be deducted 0.3 percentage points per month.
  • That means 11 years or 132 months multiplied by 0.3 is 39.6 percent, which will be deducted from you. If you can cope with these deductions, nothing stands in the way of your early retirement.
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