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Should you claim Social Security at 65?
Full retirement age is when you become eligible for unreduced Social Security retirement benefits. Your full retirement age is determined by the year and month you were born. The retirement age gradually increases by a few months for every birth year; until it reaches 67 for people born in 1960 and later. Although it is not their full retirement age, around seven percent of people sign up for Social Security benefits at 65 when they first become eligible for Medicare. Maurie Backman explains why you might regret claiming your Social Security benefits at age 65. Read Ms. Backman’s article here…
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