Three Changes for 2025 Social Security with Fred L. Goldenberg
Changes in Full Retirement Age
As Fred L. Goldenberg explains, the full retirement age (FRA) in 2025 is set to reach 66 years and 10 months. This adjustment significantly affects those planning for retirement. For individuals who turned 65 in 2024, the FRA stands at 66 years and 8 months, thus presenting new strategies for financial planning.
Impacts on Future Retirees
Individuals born between 1955 and 1960 will see a gradual increase in their full retirement age, making strategic planning imperative. The upcoming changes are crucial in forecasting benefits and securing a comfortable retirement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.