Which retirement age is associated with full Social Security benefits for those born in 1960 or later?

Which retirement age is associated with full Social Security benefits for those born in 1960 or later?

• A. 65
• B. 66
• C. 67
• D. 68

Answer: (C)

The main idea is that Social Security uses a full retirement age (FRA) that depends on when you were born. For people born in 1960 or later, the FRA is sixty-seven. When you reach that age, you receive your full benefit based on your earnings history. Claiming earlier lowers the monthly amount, while delaying beyond the FRA up to age seventy increases the monthly benefit. So, for those born in or after 1960, sixty-seven is the age at which benefits are received in full.

The main idea is that Social Security uses a full retirement age (FRA) that depends on when you were born. For people born in 1960 or later, the FRA is sixty-seven. When you reach that age, you receive your full benefit based on your earnings history. Claiming earlier lowers the monthly amount, while delaying beyond the FRA up to age seventy increases the monthly benefit. So, for those born in or after 1960, sixty-seven is the age at which benefits are received in full.