In Social Security retirement benefits, what does Full Retirement mean?

In Social Security retirement benefits, what does Full Retirement mean?

• A. 50% of benefits.
• B. 100% of benefits.
• C. 125% of benefits.
• D. 0% of benefits.

Answer: (B)

Full Retirement means you receive 100% of the Social Security retirement benefit you’ve earned, based on your Primary Insurance Amount. This happens at your Full Retirement Age, which depends on your birth year (for many people it’s 67). Claiming earlier than that reduces your monthly benefit, while delaying past that age up to 70 increases it through delayed retirement credits. So, full retirement is the point at which you get the full, unreduced benefit.

Full Retirement means you receive 100% of the Social Security retirement benefit you’ve earned, based on your Primary Insurance Amount. This happens at your Full Retirement Age, which depends on your birth year (for many people it’s 67). Claiming earlier than that reduces your monthly benefit, while delaying past that age up to 70 increases it through delayed retirement credits. So, full retirement is the point at which you get the full, unreduced benefit.