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Most Americans may consider the standard retirement age to be 65, but the so-called "full retirement age" for Social Security is already older than that — and it's about to hit an even higher ...
Most Americans consider the typical age of retirement to be 65 but that's been steadily rising. The law increased the age beginning with people born in 1938 or later, Social Security officials said.
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 ...
For years, the full retirement age was 65, but that changed with a law passed by Congress in 1983 to gradually raise that number to match the growing expected lifespan, according to the Social ...
Here’s how the Social Security Administration runs the math: If you are receiving a Social Security benefit and are under full retirement age for the entire year, $1 is deducted from your ...
Full retirement age: 65 was considered the full retirement age for most of Social Security’s history. Gradual Increases: In 1983, the age of retirement was raised to 67, effectively cutting ...
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