Chartered Retirement Planning Counselor (CRPC) Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success!

Question: 1 / 660

What is the Full Retirement Age (FRA) for individuals born between 1943 and 1954?

65

66

The Full Retirement Age (FRA) for individuals born between 1943 and 1954 is indeed 66 years old. This age is significant because it represents the point at which individuals can retire and receive full Social Security benefits without any reduction. If they choose to retire earlier than their FRA, their benefits will be reduced accordingly, while delaying benefits past this age can result in increased monthly payments.

Knowing the FRA is crucial for retirement planning, as it affects not just the timing of retirement but also the total amount of benefits one can receive over the course of retirement. For those born in this specific range, the establishment of 66 as the FRA reflects the broader statutory evolution of Social Security, which gradually increased the FRA for individuals born after 1954 to 67. This knowledge is vital for effective retirement strategies and financial planning.

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67

68

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