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Birth year. Full retirement age. 1943–1954. 66. 1955. 66 and 2 months. 1956. 66 and 4 months. 1957. ... Your Social Security full retirement age is more than just a number; it’s a key factor ...
The government bases your Social Security benefits on your income during your working years and your age at sign-up. ... Birth Year. Full Retirement Age (FRA) 1943 to 1954. 66. 1955. 66 and 2 ...
Social Security retirement age set to change in 2025 ... 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.
The full retirement age is set to increase again by two months, to 66 years and 10 months old, for people born in 1959. That means the higher FRA for that cohort will go into effect in 2025, with ...
Read more:Millions of people may get expanded Social Security benefits. Next year, the full retirement age is increasing by two months again: People born in 1959 must be 66 years and 10 months old ...
In some countries, one's year of birth determines their age of retirement. For example, in the United States as of 2024, while a person born before 1955 can retire with social security benefits at the age of 66, those born after 1959 must be 67. Each year between 1955 and 1959 adds 2 months. [13]