No matter how much we love our job, most of us approach that time in life when we look forward to being able to leave it behind. But retirement takes a lot of planning and preparation, and we all know that Social Security is a key part of that plan, especially the older we get.
Changes in 2017
2017 brought with it a very important change for working seniors.
For a long time now, 65 was the “full retirement age”, but as of 1/1/2017, that changes for people who have their 62nd birthday this year. For those turning 62 in 2017, “full retirement age” is 66 years and two months. Due to a law passed in 1983, “full retirement age” has been gradually increasing for those of us born since 1938, until it reaches 67 for people born after 1959.
For more information, or to look up your “full retirement age” based on your birth year, visit www.socialsecurity.gov/planners/retire/retirechart.html