This week’s Weekly Market Review contains timely updates on the federal reserve, tariff rhetoric, and interesting statistics on where in our country the new jobs are.
Today is my dad’s Full Retirement Age birthday (66)! I’m sure he will love that I’m using him as an example…
Full Retirement Age (FRA) is a term used by the Social Security Administration which defines when you can draw full unreduced benefits. As most know, you can begin drawing a Social Security check at age 62, but it will be a reduced benefit. Once upon a time the FRA was age 65 (born in 1937 or before). My own FRA is age 67. You can quickly determine your own FRA by following this link. While on the Social Security website I encourage you to create your personal access to “my Social Security” where you can review your earning records and your annual statement which estimates your benefits at age 62 and FRA.
Happy birthday dad and enjoy that check! You earned it!
Have a great week
Trevor N. Coe, CFP®