If you’ve been counting down to 65 as the magic number for full Social Security benefits, think again. A new shift takes effect in 2025, meaning retirees born in 1959 will see their Full Retirement Age (FRA) pushed back. So who’s affected by these changes, and what should future beneficiaries watch out for?
The traditional concept of full benefits at 65 has been altered gradually since 1983, when lawmakers approved raising the retirement age to keep Social Security financially stable. Today, individuals born in or after 1959 will need to wait until they reach at least 66 years and 10 months to claim their full monthly benefit. Could this influence when you decide to apply for benefits?
Why the government is increasing the full retirement age again in 2025
For decades, 65 stood as a marker of retirement, but rising life expectancies and financial pressures have prompted the Social Security Administration (SSA) to adjust. As of 2025, people turning 66 that year who were born in 1959 must wait 10 more months to avoid benefit reductions.
If you were born in 1960 or later, expect a full benefit threshold of 67. Below is a quick reference showing some birth years and their FRA:
| Birth Year | Full Retirement Age (FRA) |
|---|---|
| 1958 | 66 years and 8 months |
| 1959 | 66 years and 10 months |
| 1960 or later | 67 years |
Keep in mind that claiming benefits before your FRA slashes monthly payments for life, though it may still be an option for those seeking to retire early.
How much your Social Security checks could shrink if you claim too soon
You can start tapping into Social Security at 62, but that decision often comes with a permanent reduction. For instance, someone born in 1959 who claims at 62 could see their monthly checks cut by nearly 30%. On the other hand, if you can hold out beyond your FRA, you’ll gain about an 8% boost for every year you delay, up to age 70. That could mean 32% more in your monthly deposit compared to claiming right at your FRA.
Why waiting until 70 can be a game-changer for Social Security recipients
Choosing your filing date is a personal decision based on health, finances, and family needs. However, experts suggest that if you’re able to wait, your future payouts will likely be higher. This strategy isn’t for everyone: some may need funds sooner due to medical or job-related concerns. Still, for retirees who can manage without benefits for a few extra years, postponing your claim might translate into substantially larger checks.
The shift away from 65 is here to stay. If you or a loved one was hoping to claim full benefits right at that milestone birthday, be sure to reevaluate. Delays might provide a more comfortable retirement, but the choice depends on your personal circumstances. Consider consulting a financial advisor or conducting a thorough budget review to figure out the smartest route.