The proposal to raise the full retirement age is not yet law, but its implications are already causing reflection among those closest to retirement.

However, those born in 1960 or later will have a full retirement age (FRA) of exactly 67 years. This change affects how much you will receive in Social Security benefits and when

Importantly, RET amounts generally increase each year to account for changes in national wage levels. The trustee estimate the updated RET amounts for 2026 will be $24,360 and $64,800. That means Social Security recipients under FRA will be able to earn a little more money before benefits are withheld next year.