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full retirement age
The Social Security Administration sets the age at which you can receive your full benefit amount. If you were born between 1943 and 1954, the FRA is age 66. The FRA gradually increases to 67 for anyone born between 1955 and 1960. If you were born after 1960, FRA is 67. Reduced benefits are available if you’re at least 62, and there’s a bonus of up to 24% if you hold off on claiming benefits until after your FRA.