What is Full Retirement Age?

September 03, 2014


If you have done some research into Social Security you will begin to see a few acronyms that the administration will use.  FRA, or Full Retirement Age will be one of the most important for those trying to get the most out of their benefits for their particular situation.

 Currently the Social Security Administration begins calculating what a person would receive if he or she elected to begin receiving benefits at their normal retirement age (FRA).  This does not mean they can’t begin to draw it sooner than this age but it is used as a baseline for almost all of the calculations done with various scenarios available to you.  What is my FRA?  The table below from www.ssa.gov  will help you determine this.


Year of Birth*

Full Retirement Age

1937 or earlier



65 and 2 months


65 and 4 months


65 and 6 months


65 and 8 months


65 and 10 months




66 and 2 months


66 and 4 months


66 and 6 months


66 and 8 months


66 and 10 months

1960 and later


*If you were born on January 1st of any year you should refer to the previous year. (If you were born on the 1st of the month, we figure your benefit (and your full retirement age) as if your birthday was in the previous month.)


Now your one more step into the process of incorporating SS planning into your retirement income plan.  Lifetime Planning, Inc. provides a free seminar covering the many other aspects of how/when to draw your social security as we feel it is a imperative part of the planning process.  You can find the most current seminar information on our website at www.lifetimeplanning.biz/events.



                            Brandon M. Smith, LPL Investment Advisor Representative
                            Lifetime Planning, Inc.
                            Securities offered through LPL Financial, member FINRA/SIPC