"First things first, it's important to understand what full retirement age is. FRA is the age when you get to claim your standard Social Security benefit. This age used to be 65 for everyone. However, when Social Security began experiencing financial trouble, lawmakers adjusted FRA through reforms in the 1980s. The changes to full retirement age were phased in slowly over time, though."
"Specifically, for anyone born before 1955, there were no changes made, and benefits were still available at 65 just as they had always been. However, for those born in 1955 or after, FRA gradually began moving later. So, for example: If you were born in 1955, FRA is 66 and 2 months If you were born in 1956, FRA is 66 and 4 months If you were born in 1957, FRA is 66 and 6 months"
"As you can see, as birth years moved later, FRA moved back by two months. This meant that for each person who turned 66 in 2021 or after, FRA has been gradually getting later. Those who turned 66 in 2020, for example, had already reached their FRA before their 66th birthday. But anyone who turned 66 in 2021 had to wait an extra two months to claim benefits to avoid a reduction in their standard income."
Full retirement age (FRA) is the age when a person can claim the standard Social Security benefit. FRA was 65 but was raised via 1980s reforms due to program funding issues. The increase was phased by birth cohort: those born before 1955 kept age 65, while people born 1955 and later saw FRA shift later in two‑month increments—for example, 1955 equals 66 and 2 months; 1959 equals 66 and 10 months. Individuals turning 66 in 2021 and 2022 had to wait additional months to avoid reduced benefits. A final FRA adjustment occurs in 2026, with no further major changes planned for the foreseeable future.
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