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If you were born after 1960, your full retirement age (FRA) is 67, according to the Social Security Administration. When we think about retirement, most of us imagine retiring at our FRA, even ...
Birth year. Full retirement age. 1943–1954. 66. 1955. 66 and 2 months. 1956. 66 and 4 months. 1957. 66 and 6 months. 1958. 66 and 8 months. 1959. 66 and 10 months. 1960 or later
This age varies by birth year, but it's age 67 for everyone born in 1960 or later. Those born before 1960 will have a FRA of either 66 or 66 and a few months. Social Security full retirement age ...
Age 62 is the earliest you can claim benefits, 67 is most people's full retirement age, and 70 is when monthly benefits stop increasing if you delay claiming them past your full retirement age.
For most people reading this (those born in 1960 or later), full retirement age for the purpose of Social Security benefits is 67 years old. The short answer is that the average 67-year-old ...
55.67 2022 The retirement age will gradually increase to 62 for males by 2028 and 60 for females by 2035. In 2021, the retirement age is 60.25 (age 60 and 3 months) for men and 50.33 (age 50 and 4 months) for women, the age will be increased by 3 months each year following for men and 4 months for women. [96]
That makes their full retirement age 66 and 2 months. As a result, they'll get an even bigger boost to their PIA by delaying benefits. Here's how the maximum monthly benefit looks at 62, 67, and ...
Say you're looking at a monthly benefit of $2,000 at an FRA of 67. Filing at age 70 will boost that monthly benefit to $2,480, but you won't break even -- meaning, wind up with the same lifetime ...