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Social Security uses the term “Full Retirement Age” (FRA) or “Normal Retirement Age” to describe the age at which you will be eligible to receive your “full” benefits.

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2 articles tagged "Full retirement age"

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    Retiring before 65

    As far as retirement is concerned, people’s expectations are not always in line with reality. While the average expected age of retirement is 66, the actual average retirement age is 62. Somewhat surprisingly, that’s the highest it’s ever been. This means many people decide to retire before they’ve reached eligibility for one or more government …

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  • An illustration of two overlapping circles, each with an "S" inside to represent Social Security.

    Social Security: Explained

    Whether you’re planning your retirement or have already started the journey, beginning to collect social security benefits is a pivotal step. Throughout your career you’ve been contributing a chunk of your paycheck to this program, and now it’s about to pay off!   As a general rule, the longer you wait to begin collecting social …

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