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Chart showing Social Security full retirement ages by birth year. Image source: The Motley Fool. ... Ages 62, 67, and 70 are key ages in Social Security. Age 62 is important because it's the ...
Chart showing Social Security full retirement ages by birth year. ... On the flip side, delaying benefits past your full retirement age increases your monthly benefit by 2/3 of 1% monthly (8% ...
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
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 ...
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
Data source: Social Security Administration. Chart by author. ... Those with a full retirement age of 67 will receive 24% more than their PIA by waiting until their benefits max out at age 70.
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