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Social Security's full retirement age reflects the point at which people can claim their full benefits. It's going up in 2025. ... But Social Security benefits are designed to replace about 40% of ...
This is the age when you’re eligible to receive 100 percent of your Social Security retirement benefits based on your lifetime earnings. The SSA considers FRA to be the age when most people ...
Year of birth. Full retirement age. 1937 and before. 65. 1938-1942. 65 + 2 months for each year past 1937. 1943-1954. 66. 1955-1959. 66 + 2 months for each year past 1954
Starting in 2023, for example, if you were born in 1957, you would have reached your full retirement age — and become eligible to collect your full Social Security benefits — when you turned ...
Social Security retirement age set to change in 2025 ... 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.
For instance, if you filed for Social Security this year at "full retirement age" this year, your maximum benefit would be $3,822, according to the Social Security Administration website. But let ...