Normal Retirement Age (NRA)

The normal retirement age (NRA) is the age at which you are eligible to receive full Social Security benefits. The NRA is currently 66 years and 2 months for people born in 1960 or later. However, the NRA is gradually increasing, and it will be 67 years for people born in 1960 or later.

There are a few things to keep in mind when it comes to the NRA. First, the NRA is just the age at which you are eligible to receive full Social Security benefits. You are not required to retire at the NRA, and you may start receiving benefits at any age between 62 and 70. However, the amount of your benefits will be reduced if you start receiving them before the NRA.

Second, the NRA is based on your full retirement age (FRA). Your FRA is the age at which you are eligible to receive 100% of your Social Security benefits. The FRA is also gradually increasing, and it will be 67 years for people born in 1960 or later.

Third, the NRA and FRA are not the same as the age at which you can start collecting Social Security benefits. You can start receiving reduced Social Security benefits as early as age 62, but the amount of your benefits will be reduced.

Finally, the NRA and FRA are not the same as the age at which you are required to retire. There is no mandatory retirement age in the United States. You can continue to work as long as you like.

If you are thinking about retiring, it is important to understand the different ages that apply to Social Security. You should also consider your personal financial situation and make a decision that is right for you.