(NEXSTAR) — The retirement age in the U.S. is about to hit a new high next year as the final stage of a 1983 rule takes effect.
More specifically, it is the full retirement age that is changing in 2026. Technically, you can start claiming retirement benefits from the Social Security Administration once you turn 62, but it won’t be the full amount. The SSA says payouts could be reduced by 30% (or 35%, if you’re receiving a spouse’s benefit).
Once you reach full retirement age, or FRA, your monthly benefits will not face a permanent reduction. If you wait longer to apply, up to age 70, you can receive a higher payment…