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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
For example, those who are part of the FIRE movement (Financial Independence Retire Early) may want to use a rule of 30 or 40 to reduce the chances that they run out of money in retirement. 3. 100 ...
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
The full retirement age is set to increase again by two months, to 66 years and 10 months old, for people born in 1959. That means the higher FRA for that cohort will go into effect in 2025, with ...
If you aren’t familiar with the full retirement age, or FRA, it specifies the age at which you can retire and receive your full benefits. For those born between 1943 and 1954, the FRA is 66 ...
Continue reading → The post How to Calculate Your High-3 for Federal Retirement appeared first on SmartAsset Blog. While these formulas vary depending on certain factors, income and service ...
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