Since Social Security launched in 1940, and later, Medicare in 1965, the generally accepted retirement age settled at 65. That’s when good employees who spent their lives at one company could—or maybe forced to—kick back and enjoy life.

What a difference a generation makes. Today advisors say retirement ages and goals are all over the place, depending on their clients’ financial and career status. The bigger trend, though, is retiring later, according to the Center for Retirement Research at Boston College.

A small expression of this is the gradual delaying of full retirement—for employees born between 1943 and 1955—to 66 and for those born later the age creeps up by months. Employees can take benefits earlier, but they will be less than the full amount and could be taxed.

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