{"id":462807,"date":"2025-12-21T19:47:12","date_gmt":"2025-12-21T19:47:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/462807\/"},"modified":"2025-12-21T19:47:12","modified_gmt":"2025-12-21T19:47:12","slug":"know-your-full-retirement-age","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/462807\/","title":{"rendered":"Know your full retirement age"},"content":{"rendered":"

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Is my Social Security income taxable? Guidelines to follow for 2026 tax season.<\/p>\n

Are your Social Security benefits taxable? For many Americans, the answer is yes.<\/p>\n

Are you nearing retirement and considering taking Social Security<\/a>? There are some key numbers to keep in mind, especially if you want to receive the highest possible monthly check.<\/p>\n

Most of us associate retirement with the age of 65<\/a>. However, Social Security considers the “full retirement age,”<\/a> during which you receive unreduced benefits, as 66 for those born between 1943 and 1954. Were you born after that? Your full retirement age is a few months higher, as those born in 1960 or later have a full retirement age of 67.<\/p>\n

Another date to consider: 62. That’s because you can actually start getting Social Security benefits at that age \u2013 you can sign up when you are 61 years and 9 months old, so that your benefits begin to arrive after you turn 62, according to the Social Security Administration’s website<\/a>. However, your benefit payment will be lower if you wait until your full retirement age.<\/p>\n

“For example, if a person is eligible for $1,000 per month at full retirement age, their monthly benefit could shrink to $700 if they retire at 62,” according to personal finance site Nerdwallet<\/a>.<\/p>\n

The longer you wait to claim Social Security, the larger your payment; your highest amount comes if you wait until age 70. For instance, payments for those who wait until age 70 to claim Social Security are 124% of what they would get if they claimed benefits at age 67, notes investment firm Charles Schwab<\/a>.<\/p>\n

Social Security: <\/strong>These 9 states tax Social Security benefits. Here’s what to know.<\/a><\/p>\n

What is the full retirement age for Social Security?<\/p>\n

To collect what’s considered full Social Security benefits, you wait until at least your “full retirement age,” which has changed over the years. In 1983, President Ronald Reagan signed legislation gradually increasing the retirement age as a way to shore up Social Security.<\/p>\n

In 2027, the law hits its objective of raising the full retirement age to 67 for those born in 1960 and later. Here’s the full retirement age for those born from 1943 and on; you can also check it on the Social Security Administration website<\/a>:<\/p>\n