Full retirement age (FRA) is the age when you can claim your standard Social Security benefit, or yourprimary insurance amount (PIA), fromSocial Security. Your PIA is the standard amount you can expect to receive based on your inflation-adjusted average wages earned throughout your career. Ful...
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Social Security uses full retirement age to calculate 100 percent of your benefit amount. For individuals born in 1942 or earlier, full retirement age is 65. Individuals born from 1943 to 1954 reach full retirement age at 66. Persons born after 1960 reach full retirement age at 67, and a ...
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Full retirement age is the age at which you can receive full Social Security retirement benefits. Your FRA varies depending on the year in which you were born.
For instance, if the full retirement age is reached in July, the total benefit income earned from January to July must be below the limit, or Social Security benefits are lowered by $1 for every $3 of income over the limit. For 2024, that limit is $59,520, up from $...