Full Social Security Retirement Age (FRA) is 67 for those born in 1960 or later, not 65 as it once was, due to legislation adjusting for increased life expectancy. Claiming Social Security benefits before FRA results in permanently reduced monthly payments., What is certain is that as of May 2025, a new phase-in of the progressive increase in the full retirement age determined by the Social Security Administration (SSA) went into effect. This change , Full Retirement Age, often abbreviated as FRA, is the cornerstone concept for understanding your Social Security retirement benefits. Officially defined by the Social Security Administration, FRA is the age at which you are entitled to receive your full, unreduced retirement benefit., Deciding when to take Social Security depends heavily on your circumstances. You can start collecting benefits—based on your work history—as early as age 62 (or sooner if you're disabled), wait until your full retirement age, or hold off until age 70., Full retirement age, or FRA, is the age when you are entitled to 100 percent of your Social Security benefits, which are determined by your lifetime earnings., .