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.

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

“FRA is 66 years and 8 months for people born in 1958 and 66 and 10 months for those born in 1959; people born May 2, 1958, through Feb. 28, 1959, will reach it in 2025. Under current law, it will settle at 67 for people born in 1960 and afterward.”

Thankfully, Social Security benefits have grown since the first check was cut to one Ida May Fuller in 1940. The $24.54 she received from check number 00-000-001 wouldn't go very far today. Thanks to several Acts of Congress and dozens of cost of living adjustments (COLAs),

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.