India, Dec. 23 -- Anyone who were born in the US in 1960 or later will reach a major milestone in terms of receiving Social Security benefits in 2026.

The Social Security Administration has confirmed that the full retirement age (FRA) for these people will be mandated at 67, which represents the final planned increase set by the 1983 congressional legislation intended to maintain the program's financial viability.

Currently, the FRA is 66 years and 10 months for those born in 1959. Starting in 2026, anyone born in 1960 or thereafter will not qualify for full benefits until they attain the age of 67.

Although workers have the option to claim benefits as early as 62, this choice leads to a permanent reduction of approximately 30% compare...