The retirement age in the U.S. is about to hit a new high next year.<\/p>\n
Starting in 2026, Social Security\u2019s \u201cFull Retirement Age\u201d will increase to 67 years old.<\/p>\n
The increase will first impact the youngest Baby Boomers, or those born between 1960 and 1964, followed by Generation X, which spans 1965 to 1980.<\/p>\n
\u201cIt\u2019s frustrating,\u201d 55-year-old Aaron Courteau of St. Paul said. \u201cIt\u2019s disappointing. There\u2019s also an aspect of what can you do about it. It\u2019s a bit of a bait-and-switch. It is also the reality, that things change.\u201d\u00a0<\/p>\n
You can choose to claim benefits at age 62 with a permanent reduction in the monthly pension amount.<\/p>\n
When deciding to retire, experts say you should consider your health, work plans, and other income sources to improve your financial well-being.<\/p>\n