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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
Chart showing Social Security full retirement ages by birth year. Image source: The Motley Fool. ... Age 62 is the earliest you can claim benefits, 67 is most people's full retirement age, and 70 ...
Social Security full retirement age chart. Image source: The Motley Fool. Filing any earlier than your FRA will permanently reduce your monthly benefit. If you have an FRA of 67 and claim at 62 ...
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]
Young Gen Xers who are just entering pre-retirement age have a median account balance of $60,763. The goal is to have 6 times your salary by the time you hit age 50.
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
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