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The Social Security Administration (SSA) sets a full retirement age (FRA) for everyone based on their birth year. ... Birth year. Full retirement age. 1943–1954. 66. 1955. 66 and 2 months. 1956 ...
Birth Year. Full Retirement Age. Payout From $1,000 Benefit If Taken At 62. 1943-1954. 66. $750. 1955. 66 and 2 months. $741. 1956. 66 and 4 months. $733. 1957. 66 and 6 months
The government bases your Social Security benefits on your income during your working years and your age at sign-up. ... Birth Year. Full Retirement Age (FRA) 1943 to 1954. 66. 1955. 66 and 2 ...
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 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 ...
This age varies by birth year, but it's age 67 for everyone born in 1960 or later. Those born before 1960 will have a FRA of either 66 or 66 and a few months. Social Security full retirement age ...
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