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The law increased the age beginning with people born in 1938 or later, Social Security officials said. The retirement age has been increasing by two months for each subsequent birth year.
The full retirement age (FRA) for Social Security was 65 when the program was created in the 1930s, but reforms made in 1983 gradually increased the FRA from age 65 to 67 in two-month increments ...
Most Americans may consider the standard retirement age to be 65, but the so-called "full retirement age" for Social Security is already older than that — and it's about to hit an even higher ...
Among the other Social Security changes coming in 2025 are a smaller cost-of-living adjustment at 2.5%, down from 3.4%; an increase in maximum taxable earnings from $168,000 to $176,100; and ...
However, if you'll be reaching full retirement age at any point in 2025 but aren't yet at that age at the start of the year, then you get a much higher earnings-test limit. In that case, it's ...
The full retirement age (FRA) will increase in 2025. Those who were 66 in 2024 have an FRA of 66 and eight months, but those turning 66 in 2025 will have an FRA of 66 and ten months. Anyone ...