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In the middle of that eight-year window is your full retirement age (FRA), otherwise known as the age when you can claim your complete monthly Social Security benefit without a reduction. FRA is ...
1960 or later. 67. Data source: Social Security Administration. ... Do remember that for each year you hold off on filing past full retirement age, your monthly benefit increases by 8%. ...
From 1943 to 1954, full retirement age was 66, but as the American population has aged, the SSA has steadily increased it to its current level of 67 for those born in 1960 or later.
Originally, all RIB beneficiaries reached their Full Retirement Age at the age of 65. Changes in the Full Retirement Age have been enacted, based upon the birthdate of the beneficiary as follows: [23] Prior to January 2, 1938: 65 years; January 2, 1938 – January 1, 1939: 65 years and 2 months; January 2, 1939 – January 1, 1940: 65 years and ...
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
Year of Birth. Full Retirement Age. 1943 – 1954. 66. 1955. 66 and 2 mos. 1956. 66 and 4 mos. 1957. 66 and 6 mos. 1958. 66 and 8 mos. 1959. 66 and 10 mos. 1960 or later
So if your FRA is 66 and 8 months but you sign up for Social Security at 60, you are eight months early. How much does an early claim cut your Social Security check? An early Social Security claim ...
Social Security's full retirement age (FRA) is climbing to 66 years and 10 months in 2025. It's the final stop before 2026, when FRA reaches 67 for adults born in 1960 and later.