Early retirement at 61: Early retirement possible

Early retirement at 61: Early retirement possible

If you want to retire early at the age of 61, you can do so under certain conditions. It is important that the person has paid into the statutory pension insurance for at least five years and receives unemployment benefit 1 in the last two years before the start of retirement. Since deductions from the pension must be taken into account in the event of early retirement, a precise assessment of the financial impact is advisable. The discounts are calculated according to a formula in which the number of months advanced is multiplied by 0.3%.

It is also crucial for early retirement at the age of 61 that there is no block on unemployment benefit 1. The person must also have worked in the last four years before retirement age. One possibility is for the employer to give notice of termination, which makes it possible to take early retirement at the age of 63 and receive unemployment benefit 1 during the transition period.

Thorough advice from a pension advisor is advisable in order to examine individual requirements and choose the best option. There are different ways to retire early, and a professional can help find the best path. Ultimately, early retirement at the age of 61 can be a suitable solution for some people to escape everyday working life and begin a well-deserved retirement.