Full Retirement Age
Certified Financial Planner glossary · Certified Financial Planner
Definition
The Social Security age at which a worker receives 100% of their primary insurance amount, based on birth year.
Full Retirement Age in plain English
A worker born in the 1960s claims Social Security at 62 and is surprised the check is permanently reduced. Full Retirement Age is the Social Security age at which a worker receives 100% of their primary insurance amount, and that age depends on birth year. Claiming earlier locks in a reduction; delaying past FRA earns delayed retirement credits up to age 70. Do not treat 65 as everyone's FRA on modern stems. Match the client's birth year to the FRA chart before discussing break-even stories.
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