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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 ...
In the middle of that eight-year window is your full retirement age (FRA), otherwise known as the age when you can claim your complete monthly Social Security benefit without a reduction. FRA is ...
Among the other Social Security changes coming in 2025 are a smaller cost-of-living adjustment at 2.5%, down from 3.4%; an increase in maximum taxable earnings from $168,000 to $176,100; and ...
Effective January 2025, Social Security benefits will increase by 2.5%. That means the average Social Security recipient will get an extra $50 per month. That will increase the estimated average ...
Image source: Getty Images. A smart compromise. If you have a full retirement age of 67 years old, filing at 65 will reduce your benefits by just over 13% per month. However, filing at 62 would ...
The Social Security trust fund is expected to pay full benefits until 2033. While the program won't disappear entirely after that date, payments could decrease to 79% of scheduled benefits.
For the record: 12:54 p.m. Dec. 24, 2024: A previous version of this article and headline implied that the full retirement age for collecting Social Security is increasing in 2025 for everyone.In ...
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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