Retirement age?

A question that comes up often is, “What is my normal retirement age?” A great question!

The Social Security Administration has a “Retirement Planner: Benefits By Year Of Birth” anyone can refer to for that answer. We definitely recommend visiting the site and looking through all the information regarding how your age affects retirement benefits.

A quick glance at at what you’ll find on that page is below.

Retirement
1. If you were born on January 1st, you should refer to the previous year. 2. If you were born on the 1st of the month, we figure your benefit (and your full retirement age) as if your birthday was in the previous month. If you were born on January 1st, we figure your benefit (and your full retirement age) as if your birthday was in December of the previous year. 3. You must be at least 62 for the entire month to receive benefits. 4. Percentages are approximate due to rounding. 5. The maximum benefit for the spouse is 50% of the benefit the worker would receive at full retirement age. The % reduction for the spouse should be applied after the automatic 50% reduction. Percentages are approximate due to rounding.