Many Americans still believe that full retirement age (FRA) for Social Security is 65 or 67. However, in 2025, that assumption misses the mark. For individuals turning 62 in 2025, the full retirement age is 67 years. But here’s the catch: those born in 1958 who are reaching 67 in 2025 are actually hitting full retirement age this year. So, it’s not simply about turning 65 or 67—it’s about your year of birth.
The Social Security Amendments of 1983 triggered a gradual increase in FRA from 65 to 67, depending on birth year. That schedule remains active in 2025. People born between 1955 and 1960 fall into a transition window where FRA increases by two months each year. For example, someone born in 1958 has a FRA of 66 years and 8 months. So if you’re celebrating your 67th birthday this year and were born in 1958, you actually reached FRA four months ago.
Understanding How FRA Is Calculated
The Social Security Administration (SSA) defines full retirement age based on birth year. Here is a breakdown:
Year of Birth |
Full Retirement Age |
|---|---|
1955 |
66 years, 2 months |
1956 |
66 years, 4 months |
1957 |
66 years, 6 months |
1958 |
66 years, 8 months |
1959 |
66 years, 10 months |
1960 or later |
67 years |
This means that if you’re turning 67 in 2025 and were born in 1958, you already reached your full retirement age earlier this year. If you were born in 1960 or later, 67 is indeed your FRA. The misconception arises when people treat age 67 as a universal benchmark, when in fact it only applies to certain birth cohorts.
Why FRA Matters More Than You Think
Understanding your correct full retirement age is critical because it directly affects your benefit amount. Claiming Social Security before reaching FRA can permanently reduce your monthly payments. For example, if you claim at 62, you could receive up to 30% less per month than if you waited until full retirement age.
On the flip side, delaying retirement past FRA can increase benefits up to age 70. For every year you wait beyond FRA, your benefit increases by roughly 8% per year. So, for those not in a rush, waiting can mean significantly more income over time—especially if you expect to live well into your 80s or 90s.
The Early vs. Late Retirement Trade-Off
Choosing when to claim Social Security is more than just a math equation—it depends on personal circumstances like health, financial stability, and employment status. People in physically demanding jobs may feel the need to retire earlier, accepting the trade-off of lower monthly benefits. Conversely, those in less strenuous fields or with longer life expectancies might find it advantageous to wait.
Let’s say you were born in 1958 and are turning 67 in November 2025. Your FRA is 66 years and 8 months, so by March 2025, you were already eligible for full benefits. If you delayed past that point, your benefits would accrue monthly credits. But if you retired early at 62 back in 2020, your benefit would be reduced for life. These decisions are permanent once made, so precision and understanding are crucial.
What To Do If You’re Approaching Retirement
If you’re nearing retirement in 2025, check your Social Security Statement online at ssa.gov to verify your earnings and estimate future benefits. It also helps to meet with a financial advisor who can tailor advice to your specific goals. Be aware of Medicare enrollment rules as well, which begin at 65 regardless of FRA.
FAQs
What is the full retirement age for Social Security in 2025?
The full retirement age in 2025 depends on your birth year. If you were born in 1958, your FRA is 66 years and 8 months. If you were born in 1960 or later, your FRA is 67.
Can I still retire at 65 and get full benefits?
No. Retiring at 65 means you will receive reduced Social Security benefits unless your full retirement age is 65, which only applies to people born before 1938.
Does delaying retirement increase my benefits?
Yes. If you delay claiming Social Security beyond your FRA, your monthly benefit increases by about 8% annually until age 70.
Is it better to claim benefits at 62 or wait?
It depends. Claiming at 62 results in a lower monthly payment, while waiting until FRA or later increases the amount. Your health, income needs, and life expectancy should guide the decision.
How can I check my full retirement age?
Visit the Social Security Administration’s official website (ssa.gov) and log into your account to see your estimated FRA and projected benefits.
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