# 3 Things to Know About Social Security FRA in 2027

> Reaching Social Security's full retirement age by 2027 avoids early penalties and offers benefit boosts.
- Title: 3 Things to Know About Social Security FRA in 2027 | Shortify
- Summary: Reaching Social Security's full retirement age by 2027 avoids early penalties and offers benefit boosts. People hitting Social Security's full retirement age…
- Keywords: social security, full retirement age, 2027, earnings test, benefit boost, colas, finance, money, Things, Know, Social, Security
- Source: The Motley Fool — https://fool.com/retirement/2026/10/29/3-things-to-know-if-youll-reach-your-full-retireme
- Author: Kailey Hagen, CFP®
- Published: 2026-10-29T18:00:00+00:00
- Read time: 1 min
- Topics: social security, full retirement age, 2027, earnings test, benefit boost, colas, finance, money
## No early claiming penalty
Waiting until your full retirement age of 67 to sign up for Social Security avoids early claiming penalties.
## Earnings test benefit boost
Social Security beneficiaries who lost money due to the earnings test could get a one-time benefit boost once they reach their full retirement age.
## Option to suspend benefits
You can suspend your Social Security checks for up to three years to boost your monthly payments by 24%.
## Key takeaway

People hitting Social Security's full retirement age in 2027 avoid early claiming penalties and may get one-time benefit boosts from past earnings test withholdings.