"The decision to claim Social Security is one of the most important financial choices you'll ever make. The reason is that your filing age will help determine how much money you get in your monthly benefits. Social Security can be claimed beginning at age 62. However, if you don't want to see your monthly benefits reduced, you'll need to wait until full retirement age (FRA) to sign up."
"Technically, Social Security's FRA isn't changing in 2026. FRA has long been 66 for people born between 1943 and 1954. For people born after 1954, FRA has been gradually increasing as follows: 66 and 2 months for those born in 1955 66 and 4 months for those born in 1956 66 and 6 months for those born in 1957 66 and 8 months for those born in 1958 66 and 10 months for those born in 1959"
Filing age determines monthly Social Security benefits and claiming can begin at age 62. Waiting until full retirement age (FRA) avoids reduced monthly benefits. FRA is 66 for those born 1943–1954, rises incrementally for those born 1955–1959, and is set at 67 for anyone born in 1960 or later. In 2026 FRA does not change, so turning 66 that year does not equal FRA. Claiming before reaching FRA causes a permanent reduction in monthly benefits. Consider waiting until FRA if retirement savings are limited, inflation is a concern, or average lifespan is expected; early claiming may suit those with ample savings.
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