If you have the ability to wait beyond your FRA to claim, you'll receive a higher benefit amount. Each year that you delay past your FRA, you'll earn an extra 8% until age 70, at which point you'll max out your benefit.

More Georgians will become eligible for Social Security benefits in 2025. But the Social Security full retirement age is increasing. Here's more.

If you were planning to retire next year, double check your math because a law passed in the ’80s is annually raising the age when Americans can collect their full Social Security benefits. And next year is no exception.

According to the SSA, individuals born between May 2, 1958, and February 28, 1959, will reach their full retirement age in 2025. For those born in 1960 and later, the full retirement age will increase to 67.

If you've got Social Security on your mind, you need to know your "full retirement age" as your age in relation to that affects your benefit level.

The age at which full retirement benefits can be received rises next year, as experts warn those preparing to retire not to be caught out.