Late retirement refers to the decision of continuing to work beyond the traditional retirement age, which is typically 65 years old in the United States. While the age at which an individual can retire with full Social Security benefits varies based on their birth year, it generally ranges between 66 and 67 years old.

Late retirement may be possible for individuals who enjoy their work, want to continue to build their retirement savings, or need to continue working to cover their living expenses. Late retirement can also help to increase Social Security benefits, as the longer, individual delays starting Social Security benefits, the larger their monthly benefit may be.

However, late retirement may also come with challenges, such as the potential for health problems or the inability to continue working due to job loss or caregiving responsibilities. Additionally, individuals who continue working beyond the traditional retirement age may face age discrimination in the workplace.

Late retirement may also offer opportunities for building additional retirement savings, pursuing new interests, and maintaining social connections through work. However, individuals considering late retirement should carefully consider their health, job prospects, and financial needs, and consult with a financial advisor to ensure that they are making a well-informed decision.