retirement

China recently increased their retirement age to 63 for men and 55 for women. Even with the adjustment, the country is still on the lower end when compared to other countries.

Normal retirement age, also known as full retirement age, is 67 years old for those born in 1960 or later. It’s common for people to stop working before this age, but they’re veering older.

There are a lot of variables to consider, but for people of middle income, here’s a suggestion, based on when you start saving and when you want to retire.

People tend to have more money saved up over time, but range and variation also grow, and often it’s not enough.

Early retirement. That’s what most people want, unless you’re lucky enough to love…