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This age will vary by birth year, but it's 67 years old for everyone born in 1960 or later. Social Security full retirement age chart. Image source: The Motley Fool.
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
Here are full retirement ages based on your birth year: Chart showing Social Security full retirement ages by birth year. ... them past your full retirement age. Claiming Social Security at 62 ...
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
However, age 62 is the earliest you can file for Social Security, and everyone's FRA will fall between ages 66 and 67, depending on your birth year. Social Security full retirement age chart ...
You lose 5/9 of 1% per month for up to 36 months of early claiming. Then, you lose 5/12 of 1% per month thereafter. If you sign up right away at 62 and have an FRA of 67, you could shrink your ...
Birth year: Your birth date determines your full retirement age (FRA). Workers who claim Social Security at FRA receive 100% of their primary insurance amount (PIA).
For those born between 1955 and 1960, full retirement age was increased by two months per year, to 66 years and 2 months for those born in 1955, 66 years and 4 months for those born in 1956 and so on.