Social Security Full Benefits Now Require Age 67 for 1960 Births

I understand how important retirement planning is for you and your loved ones. It’s that special time we all look forward to—when we can finally relax and enjoy the fruits of our labor. That’s why I wanted to share some important information about Social Security retirement benefits that might affect your plans.

For those of you born in 1960 or later, there’s a significant change coming in 2025. The Social Security full benefits age is increasing to 67 years old. If you’re turning 65 this year and hoping to receive your full Social Security check, you’ll need to wait until you reach 67. I know this might feel disappointing if you were counting on receiving full retirement benefits earlier.

This change isn’t sudden or unexpected. It’s actually part of a thoughtful, phased approach that began back in 1983 when the federal government amended the Social Security Act. The goal was to ensure the program remains financially stable for everyone, including your children and grandchildren.

What About Those Born Before 1960?

If you were born before 1960, please know that your Social Security eligibility for full benefits begins before turning 67. The Social Security Administration has provided these guidelines:

• Born between 1943-1954? Your full benefits begin at age 66
• Born in 1955? You’ll receive full benefits at 66 years and two months
• Born in 1956? Your time comes at 66 years and four months
• Born in 1957? You’ll reach full benefits at 66 years and six months
• Born in 1958? Plan for 66 years and eight months
• Born in 1959? Your full retirement age is 66 years and 10 months

Options for Early or Delayed Social Security Benefits

I want you to know that these guidelines only apply to full benefits. You still have choices. If waiting feels difficult due to your personal circumstances, you can apply for Social Security as early as 62. However, I should mention that your monthly payment would be about 30% less than if you waited until your full retirement age.

On the other hand, if you’re in a position to be patient and can delay Social Security benefits until age 70, you’ll be rewarded with approximately 24% more in your monthly checks. That could make a meaningful difference in your retirement comfort and security.

Public Confidence in Social Security

I understand there’s concern about the future of Social Security. You’re not alone if you feel uncertain—a recent poll by The Associated Press-NORC Center for Public Affairs Research found that over half of soon-to-be retirees worry about whether benefits will be available when they need them.

Remember that your Social Security payments reflect your lifetime earnings. Also, Medicare eligibility still begins at age 65, regardless of when you decide to claim your Social Security benefits.

If you’re wondering about your specific benefit amount, please visit the Social Security Administration’s website where you can use their Social Security calculator for personalized calculations. They have tools designed to help you understand your unique situation.

Currently, there are no plans to push the full retirement age even further into the future, which I hope provides some reassurance as you plan for your golden years.