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So when exactly is the full retirement age for Social Security? That depends on when you were born. Year of birth. Full retirement age. 1937 and before. 65. 1938-1942. 65 + 2 months for each year ...
Birth Year. Full Retirement Age. Payout From $1,000 Benefit If Taken At 62. 1943-1954. 66. $750. 1955. 66 and 2 months. $741. 1956. 66 and 4 months. $733. 1957. 66 and 6 months
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 ...
The Social Security Administration assigns everyone a full retirement age (FRA) based on the year they were born. A few decades ago, FRA used to be 65. A few decades ago, FRA used to be 65.
Navigating Social Security can feel like a maze of numbers and timelines. But your full retirement age is more than just a number — it’s the age when you qualify for 100 percent of the Social ...
He explained there are three numbers to keep in mind: 62 (the earliest age one can start claiming Social Security benefits), 67 (the full retirement age for individuals born in 1960 or later), and ...