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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
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
In the case of initially collecting benefits at 67, which is the full retirement age for anyone born in or after 1960, it ensures that retired workers receive 100% of what they're due.
But, if this worker or the worker's spouse are younger than full retirement age and receiving benefits and earn "too much", the benefits will be reduced. If working under full retirement age for the entire year and receiving benefits, SSA deducts $1 from the worker's benefit payments for every $2 earned above the annual limit of $15,120 (2013).
To calculate AIME, ... Full retirement age (FRA) is a function of year of birth and is defined by the Social Security Administration as follows: ... have a date of ...
Your start date matters because there's a system of early filing penalties and delayed retirement credits. You see benefits shrink for each month you claim ahead of your full retirement age and ...
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