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Claim Medicare & Social Security at same time at 65?
It might seem like a no-brainer to just start both entitlement programs at age 65. After all, that’s the earliest age to begin Medicare, the health program for those 65 and older, and Social Security pays more at 65 than at 62. But is that the best strategy? Maybe not, says Maurie Backman. That’s because benefits are still lower than at full retirement age, now 67. It’s a permanent reduction. Waiting until 70 would yield the highest possible permanent monthly Social Security benefit. Entire article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.