Social Security's full retirement age rises to 66 years and 10 months in 2025 for those born in 1959.

Social Security's full retirement age will rise in 2025, extending the time to receive full benefits. For those born in 1959, the age will increase to 66 years and 10 months. Individuals can start receiving reduced benefits at 62, while waiting until 70 increases the payout. The upcoming cost-of-living adjustment is 2.5%, and if the trust fund runs dry by 2033, benefits could drop by 21%.

3 months ago
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