Social Security Full Retirement Age Now 67, Not 65?

Thanks for joining us for this important Social Security update.
The full retirement age is no longer 65 for most Americans, and claiming benefits earlier could mean a permanent reduction in your monthly payments.
These changes can have a big impact on your retirement finances.
So, understanding your options is crucial.
Let us walk you through what this shift means for you and how to make the best decisions for your future.
The Social Security Administration has officially set the full retirement age at 67 for anyone born in 1960 or later, replacing the long-standing age of 65 and impacting millions of Americans planning their retirement.
If you claim retirement benefits at age 65 today, your monthly payments will be permanently reduced by about 13% compared to waiting until your full retirement age.
And claiming as early as 62 can cut benefits by as much as 30%.
For those born in 1959, the full retirement age is 66 years and 10 months, while anyone born before 1955 still qualifies at ages ranging from 65 to 66 and 2 months depending on their exact birth year.
These changes do not affect Social Security disability insurance or supplemental security income recipients whose eligibility rules remain based on disability status and financial need rather than age.
Annual cost of living adjustments such as the 2.5% increase for 2025 and a projected 2.6% for 2026 apply to all categories but will not make up for the permanent reductions caused by early retirement claims.
Understanding your specific full retirement age and the long-term impact of your claiming decision is essential, especially as these policy shifts mean the traditional retirement timeline no longer fits most Americans financial realities.
With the full retirement age now set at 67 for those born in 1960 or later, claiming Social Security at 65 means accepting a permanent 13% reduction in your monthly benefit.
Make sure to use the SSA.gov calculator to determine your exact full retirement age and consider delaying your claim if your finances allow, as waiting can increase your lifelong payments.
For more information, visit socialsecurityalerts.news.
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