Help: Can anyone explain the details of the "rule of 65?"

tootall6: 'Help: Can anyone explain the details of the "rule of 65?"'

Can you give us sum context?

I am familiar with the Rule of 72 (initial investment will roughly double in x years where x = 72/annual rate of return -- IOW, $1000 invested at 9% will be roughly $2000 after 8 years, assuming that all interest is reinvested).

I am also familiar with the Rule of 78 for interest calculations on a loan (a/k/a Sum of the Digits). Too hard for me to explain with one or two sentences, but I have an URL that JABoa posted a long time ago bookmarked, if needed.

I have never heard of the Rule of 65.

Regards, JAFO

I know about Ohm's law and the Rules of The Road, but not the Rule of 65, sorry.

"Help: Can anyone explain the details of the 'rule of 65?'"

My state retirement system has a Rule of 80 under which I may retire with full benefits when my age plus years of service total 80. I wish it were the Rule of 65; I could retire tomorrow.
-Chester :)

With the average age of Americans growing, maybe it's the future: Those 65 or over - RULE!

sorry, couldn't resist...I'm not there yet, by a long shot

My state retirement system has a Rule of 80 under which I may retire with full benefits when my age plus years of service total 80.

A quick altavista search on "Rule of 65" showed several hits where this definition of "Rule of 65" is used to determine when certain benefits become vested or which employees are eligible for something.

For example, I found one case where the union was trying to negotiate for vested retiree health benefits and the "Rule of 65" was being considered as the threshhold...

JDOyster

A former employer used a "Rule of 75" to determine eligibility for retiree benefits. If you were age 55 or older, and (age + years of service) was 75 or more, you qualified.