Goodbye To Retirement 65 & 67 – Check New Age To Get Social Security Benefits In United States

This is not the first time that there is a change in the retirement age for the beneficiaries. The Goodbye To Retirement 65 & 67 has been in the news and this anticipates the shift in the benefit. The shift in the retirement age is due to the change in the policies. It was in 1983 that the full retirement age was 65 years and now there is a change in the full retirement age which is 67 years. The individuals shall be provided the full benefits at the age of 67 years and apart from this there is no other change in the retirement age. The Retirement New Age Guide shall be checked out through the given post. This post shall help you get the complete facts on the changes in the retirement age.

Goodbye To Retirement 65 & 67

The Social Security Administration (SSA) is the Federal Body for the people of the United States which helps towards the living standards. The beneficiaries are to be given the benefit of retirement which is under the name of Social Security. The Social Security benefits are the monthly payments for the retired seniors and the benefits shall be given to all those who have worked for more than 35 years and gained 40 or more work credits. The benefit shall be given to you if you are aged 62 years or more. There is a flexibility in collecting the benefits as the SSA hasn’t provided the fixed age to collect the benefits and the payments shall be given to you starting from 62 years. The individuals shall get the benefit only upon retirement.

In 1983, there was 65 years set as the full retirement age but then there was a shift in the retirement age which has been fixed to be 67 years. It is upon the beneficiary to decide the age at which they wish to claim the benefits. The earliest can be at 62 years and the delay can be till 70 years. In case you think to collect the benefits at the age of 62 years, you will get the same with a reduced amount of 30% each month and for delaying the payments, a hike will be provided. The individuals shall check the SSA Retirement Benefit Eligibility to know if the payment could be given. The individuals are to check the given post to know the facts on the new age of retirement. 

ssa.gov Goodbye to Retirement

What is Social Security Payment?

• The Social Security Administration (SSA) is the Organization which provides the monthly payments to the individuals who have been either retired or disabled from work.
• The benefit of Social Security is the replacement of the fixed income which shall be provided to the beneficiaries at the age of 67 years which is the full retirement age.
• The beneficiaries shall be given the Social Security payments if they have been aged 62 years or more and have been collecting 40 or more work credits.
• The Goodbye To Retirement 65 & 67 has been in the news and and since 1983, the FRA is 67 years but the SSA provides the income at a flexible age. 
• If you have been deciding to claim the benefits early at 62 years, a 30% reduction will happen in that case.

Facts On Goodbye To Retirement 65 & 67

It has been found that in 1983, the FRA was 65 years but now there is a shift in the FRA to 67 years. The individuals shall be provided with 100% of the benefits at the age of 67 years as there is a new age guide released. The SSA has even made it clear that there is no restriction on the age to claim the benefits. 

Retirement New Age Guide

FAQs On Goodbye To Retirement 65 & 67