8. Age 66 to 67: Full retirement age for Social Security
The amount of your Social Security payout is partially based on when you start receiving it. To collect your full benefit—meaning an unreduced benefit—you must wait until you reach your full retirement age to claim it.
As one of the most important retirement milestones, it basically tells you when you can start taking your maximum Social Security benefit. The age depends on when you were born.
If you were born between 1943 and 1954, your full retirement age is 66. If you were born in 1955, your full retirement age is 66 and two months. For 1956, it’s 66 and four months. For the year 1957, it’s 66 and six months. For 1958, it’s 66 and eight months. For 1959, it’s 66 and 10 months. If you were born in 1960 or later, your full retirement age is 67.
11 Responses
You don’t talk about exercise as a longevity enhancer. I’m 86 and I lift 20 lbs weights 3 times per week, do yoga 6 days per week, and walk at least 1-1/2 miles every day. I’ve been doing these exercises since I was 30. My doctor marvels at my blood pressure, I have no chronic diseases, take only 2 meds per day and am free of pain, except for occasional, mild, lower back pain. I’m grateful I do all these exercises because they sure beat surgery for knee or hip replacement and wlaking with a walker.
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