2. Retirement age
The full retirement age will increase in 2025. So, retirees will have to wait a little bit longer to achieve the perfect age for an official retirement procedure. If you were born from 1955 to 1967, the new retirement age will be around 67 years old.
More specifically, in 2025, the retirement age will be 66 years and 10 months. For those who turned 66 in 2024, the full retirement age (FRA) is 66 years and 8 months.
Considering your birth year, this is when you will reach your FRA:
- If you were born in 1958 your FRA is age 66 and 6 months and was reached in 2024
- If you were born in 1959 your FRA is age 66 and 10 months and is reached in 2025
- If you were born in 1960 or later your FRA is age 67 and will be reached in 2026 and later
- People born on the January 1 of any year, refer to the previous year!
4 Responses
Thank you for your information it was beneficial
Trump will fix it.
Every time Democrats are in office, the 3 months where the COLA is decided, suddenly prices come down ( lowering the COLA ) even the 2022 – 2023 8.9 % was lower than the Inflation before and after August to October ( before the 3 months its decided inflation was hitting 12 % and more. )under Obama in 2013 and 2014 there was 0 COLA, as Obama announced ” it will cost you nomore to live in the country this year, as it did last year ” 2 weeks later Gas was almost $4.00 a gal
Who wants to vote for Kamala since she has stated she will take money from Social Security to give to illegal aliens for health insurance and income.