Q:

When should you retire if you were born in 1951?

A:

Quick Answer

Individuals who were born in 1951 reach their full retirement age in 2017, according to the Social Security Administration. This is because the full retirement age for people who were born between 1943 and 1954 is 66 years.

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Full Answer

The individual receives full Social Security retirement benefits at the age of 66, states the Social Security Administration. A person may receive 75 percent of his Social Security retirement benefits at the age of 62 since he receives benefits for an additional 48 months. If he starts receiving retirement benefits at the age of 65, he gets 93.3 percent of his retirement benefits since he receives these benefits for an additional 12 months. The benefit amount slowly increases until he reaches the age of 66.

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