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A: Social Security has set different retirement ages based on your year of birth. This is extremely important when applying for regular retirement benefits, disability benefits or early retirement benefits.
If you were born before 1938 your full retirement age is 65
If you were born after 1960, the full retirement age will increase to 67 depending on the year you were born.
If you take an early retirement (62) you will receive, permanently, a reduced benefit. However, if you become disabled during the time between early retirement and regular retirement, you may be eligible for disability benefits and a non-reduced full retirement!
Also, if you are able to continue to work after full retirement age you may be entitled to higher benefits due to special credits and additional earnings.
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