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Here’s how each of these elements is calculated by Social Security. (This Bankrate calculator ... which ranges from age 65 to 67, depending on the year you were born, is called the primary ...
While the FRA used to be 65 years old, ... based on a person's birth year. For instance, people who were born in 1957 reached their FRA when they turned 66 years and 6 months old, or starting 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
See, every retiree used to be able to get their full Social Security benefit at the age of 65. Their full benefit was based on average wages over their 35 highest earning years. However, Congress ...
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
These four components are used to calculate your monthly Social Security check. ... Birth Year. Age 62. Age 63. Age 64. Age 65. Age 66. Age 67. Age 68. Age 69. ... Based on this wide variance in ...
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