People Born in 1959 Reach Their Full Retirement Age of 66 & 10 Months in 2026 - Aeromag Online
In 2026, the full retirement age (FRA) reaches 66 and 10 months. The FRA has been slowly increasing since 1983 to help keep Social Security financially stable for the future beneficiaries. As the FRA retirement increases, the reduction for taking your benefits early increases, and the increase for taking them later decreases.
It worked for many years, but now, as the number of workers steadily decreases, the number of recipients is increasing, and the Trust Fund is slowly being depleted.. Currently, if Congress doesn’t act soon, Social Security is again facing a financial shortfall that could result in a 20% reduction in benefits to current and future retirees as early as 2023.
For everyone born in 1960 or later, their FRA is 67. The raising of the FRA is once again one of the options being discussed to keep Social Security solvent. Will it increase? That is up to Congress. Roy, the publisher at Aeromag Online, has written an article on this topic and listed some options you may want to consider if you want to delay taking your Social Security to receive a higher benefit. To read his full article, click here…
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