What’s the ideal retirement age? Survey says 61. When to buy a home? 28.

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A new survey by BankRate.com finds different generations have different ideas on the best times to retire, buy a home, get a credit card and other financial milestones.

The survey essentially revealed the younger you are, the younger the age suggested for various significant markers in life:

  • Ideal age to buy a home: 28. That’s the overall average. However, reality makes that age seem a bit too optimistic. The median age for first-time homebuyers is 32, according to the National Association of Realtors.
  • Ideal age to get a credit card: 22. According to Kevin Morrison of the financial analysis firm Aite Group, that may be high. â€œI would think that the majority would start opening as they enter college or during college or get their first job right out of high school,” he says. “So I would think it would be the 18-19 range.”
  • Ideal age to retire: 61. The younger the generation, the younger the ideal retirement age. For example, Gen X’ers (born between 1960 and 1980) feel the ideal time to retire is at 60. Members of the Silent Generation (people born between 1925 and 1945) think 65 is the right age. Baby Boomers (people born between 1946 and 1964) prefer 62, while Millennials (born between 1981 and 1996) think 61 is about right.

Men and women overall disagree about the right time to retire. Men in general believe the ideal retirement age is 60, while woman think it is 62.

You can read the complete survey here.

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