Trump’s Surprising Changes to Social Security Retirement Age

 "Trump’s Surprising Changes to Social Security Retirement Age"

As of February 24, 2025, the full retirement age (FRA) for Social Security benefits has increased to 66 years and 10 months for individuals born in 1959. This change is part of a gradual adjustment that began in 1983, aiming to align the FRA with longer life expectancies. Consequently, those born between May 2, 1958, and February 28, 1959, will reach their FRA in 2025.houstonchronicle.com

For individuals born in 1960 or later, the FRA will be 67 years. It's important to note that while you can begin collecting Social Security benefits at age 62, doing so results in a permanent reduction in monthly payments. Conversely, delaying benefits until after your FRA can increase your monthly payments by up to 8% per year until age 70. investopedia.com

In addition to the change in retirement age, Social Security benefits and Supplemental Security Income payments will increase by 2.5% in January 2025, equating to an additional approximate $50 per month for recipients. houstonchronicle.com

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