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If you were born in 1960 or later, full retirement age is 67. There's also the option to delay your Social Security claim past full retirement age. For each year you do, until age 70, your monthly ...
Full retirement age is 66, 67, or somewhere in the middle, depending on the year in which you were born. Many seniors, however, opt to claim Social Security at 62, which is the earliest age to ...
Anyone collecting Social Security before reaching their full retirement age is subject to the earning test. The test will withhold $1 of benefits for every $2 in excess of a certain earnings ...
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 ...
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
There's a reason retirees are often warned not to sign up for Social Security too early. If you claim benefits before reaching full retirement age, you reduce them for the rest of your life ...
The full retirement age (FRA) for Social Security was 65 when the program was created in the 1930s, but reforms made in 1983 gradually increased the FRA from age 65 to 67 in two-month increments ...
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