Full Retirement Age (FRA)
RetirementThe age at which you can receive full Social Security benefits without reduction, currently 66-67 depending on birth year.
Example
Example: For someone with $300,000 in retirement savings planning to retire at 65, full retirement age (fra) directly affects their strategy. Since it involves the age at which you can receive full social security benefits without reduction,, understanding this concept could mean an extra $50,000-$100,000 in retirement assets. Plan with our retirement calculator.