The question of retirement age is crucial for millions of Americans planning their retirement. Contrary to the expectation of an imminent new increase beyond the current, the full retirement age of Social Security has been in a gradual process of increase,

Lots of changes in store for Social Security recipients as more people rely on a system that's operating above capacity. Full retirement age (FRA) will i

That's a steep cut, but many seniors will be better of waiting until age 70 to claim their benefits. That's because the guaranteed increase in benefits from waiting from age 62 until age 70 is about 77%. That's on top of the annual COLAs your benefits receive every year after age 62, whether you've started Social Security or not.