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Maximizing your Medicare and Social Security benefits
Lee Barney’s piece details some concepts to keep in mind in making two of the most important financial decisions of one’s lifetime– when to take Social Security and Medicare. In a nutshell, one should strive for 35 years of income and delay Social Security benefits as long as one is able (to age 70). With Medicare, you become eligible during a seven month window, which includes three months prior, the month of and three months after your 65th birthday. Monthly premiums could increase by 10% annually for every 12-month period of delay in signing up for Medicare Part B. For those still working at age 65 with employer coverage, you are generally not required to file, but when you stop working, you need to apply immediately. Read more detailed information here.