Currently, for people born after 1959, the full Social Security retirement age (FRA) is 67. However, those who qualify for benefits can decide when to retire — and therefore how much of their benefits they’ll get. For instance, workers can expect their full benefits amount if they wait until FRA to retire, whereas those retiring between the ages of 62 and 66 will only receive partial benefits based on how many months before their FRA they retire.

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