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If you are claiming Social Security this year, there’s one number that you absolutely need to know before you move forward. ... Birth Year. Full Retirement Age. 1943 - 1954. 66. 1955. 66 and 2 ...
If you were born in this year. This is your FRA. 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
Social Security's full retirement age reflects the point at which people can claim their full benefits. ... based on a person's birth year. For instance, people who were born in 1957 reached their ...
The government assigns everyone a full retirement age (FRA) based on their birth year. Choosing your Social Security claiming age strategically is one of the best decisions you can make to ...
Birth Year. Full Retirement Age (FRA) 1943 to 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
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
In 2023, a little over 14% of Social Security beneficiaries applied somewhere between age 65 and their full retirement age (FRA). Signing up right away reduces your checks by 30% if your FRA is 67.
How your claiming age affects your Social Security benefits. The government first calculates your Social Security benefit at your full retirement age (FRA). This is 67 for most workers today ...
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