New Delhi, Nov. 17 -- Recently, 63 has emerged as the popular midpoint to identify the "perfect" retirement age for Americans.

But, as per Lawyer Monthly, this conversation overlooks a deeper truth: retirement isn't just a financial decision - it's a legal process shaped by federal rules that most Americans barely understand. The report says these legal frameworks - not personal preference - ultimately determine how and when retirement actually works.

Public conversations often focus on "ideal ages," but federal benefit programs operate on strict statutory definitions.

Set by federal law at 66-67, depending on birth year. Retiring before FRA permanently reduces Social Security benefits - a rule many Americans misunderstand.

At 62, ind...