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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 ...
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.
If you're thinking you might retire in your mid-60s and you're wondering what Social Security benefits might look like then, as of the end of 2023, the average benefit for a 65-year-old was $1,563 ...
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 ...
If you file now, you’ll still be two years away from your full Social Security retirement benefit. Your monthly check will be $866.67 instead of $1,000. Age 66
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
The Social Security Administration (SSA) approval process is relatively speedy, but as it is a government program with a huge number of applicants, you can expect to wait three to five months ...
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 ...