You are here: Home Government ... SSDI 101: An ... Full Retirement ...
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

It used to be that people were eligible for full Social Security Benefit on their 65th birthday. In 2003, the age at which full benefits are payable began to increase gradually.

The following chart will guide you in determining your full retirement age:

            Year of Birth                                          Full Retirement Age

  • 1937 or earlier                                        65
  • 1938                                                        65 and 2 months
  • 1939                                                        65 and 4 months
  • 1940                                                        65 and 6 months
  • 1941                                                        65 and 8 months
  • 1942                                                        65 and 10 months
  • 1943-1954                                              66
  • 1955                                                        66 and 2 months
  • 1956                                                        66 and 4 months
  • 1957                                                        66 and 6 months
  • 1958                                                        66 and 8 months
  • 1959                                                        66 and 10 months
  • 1960                                                        67

NOTE: Although the full retirement age is rising, you should still apply for Medicare benefits within three months of your 65th birthday. If you wait longer, your Medicare medical insurance (Part B) and Drug Program (Part D) may cost you more money.

DELAYED RETIREMENT: If you choose to work beyond your full retirement age, you have two more options:

  • You can work and get full retirement benefits no matter how much you earn; or
  • You can decide not to collect your retirement benefits until age 70 and then get a higher benefit when you do retire.

Social Security benefits are increased by a certain percentage depending on the year you were born. If, for example, you were born in 1940, your benefits would increase 7 % for each year, between your full retirement age and age 70, that you do not get retirement benefits.