The wording around Social Security’s retirement age may soon change to help people better understand their claiming options. Currently, beneficiaries can start receiving benefits at age 62 with a reduction or wait until their "full retirement age" (around 67 for those born after 1959) or even up to age 70 to maximize monthly benefits. However, the phrase "early eligibility age" for 62 is seen as unclear, leading to proposals to rename it to terms like "minimum monthly benefit age" to better explain implications for benefit amounts.