What is the full retirement age for workers born after 1938?

The full retirement age for workers born after 1938 gradually increases, depending on the year of birth. For individuals born in 1960 or later, the full retirement age is set at 67 years old. This adjustment was made to adapt to increasing life expectancies and the resulting financial pressures on social security programs.

Understanding the nuances of full retirement age is crucial for efficient retirement planning, as claiming benefits before reaching this age may result in reduced monthly payments. Therefore, the choice indicating that the full retirement age is 67 for those born after 1938 correctly reflects the established guidelines used in determining social security benefits for new workers entering retirement age.