The concept of full retirement age is crucial for individuals planning their retirement around social security benefits. Full retirement age, often referred to as the normal retirement age, is the age at which a person may first become entitled to full or unreduced retirement benefits from Social Security.

For many years, the full retirement age was 65. However, with changes in legislation and increased life expectancy, this age has gradually increased. Presently, the full retirement age for individuals born in 1960 or later is 67. Those born earlier have a full retirement age ranging between 66 and 67, depending on their year of birth.

The social security retirement age is critical in shaping your financial strategy. At full retirement age, you can start receiving your full benefits, although you may opt to receive reduced benefits as early as age 62. Conversely, delaying retirement past your full retirement age can increase your benefit amount. Understanding these nuances can significantly impact your retirement planning.

As you prepare for retirement, you may also be considering relocating. For those interested in communities centered around comfort and convenience, exploring park registers can be highly beneficial. This is where you might find resources like the Mr Property Services site invaluable in helping to identify suitable living options post-retirement.

Planning for retirement requires balancing when to claim social security benefits with your personal needs and additional income sources. Consider factors such as your health, financial situation, and retirement goals in making the decision about when to retire. Consulting with a financial advisor can provide personalized insights tailored to your specific circumstances.