Turning 67 in 2024? 3 Things You Need to Know
If you're turning 67 in 2024, you may be of the mindset that it's just another birthday. But actually, 67 is a really important age in the context of retirement planning. Here are a few key things to be aware of if your 67th birthday is arriving in the new year.
If you're turning 67 in 2024 and were therefore born in 1957, it means that by then, you'll be past full retirement age (FRA) for Social Security purposes. FRA is 66 and six months for people born in 1957. So if you decide to claim benefits in 2024, you'll be eligible for those benefits in full without a reduction. In fact, you'll actually be looking at a boosted benefit because you'll be filing after your precise FRA.
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Source Fool.com
