Claiming Social Security at 65? You May Need to Rethink That
You're probably planning to sign up for Medicare at 65, and you might think it makes sense to apply for Social Security around the same time, if you're not already claiming. That's not necessarily a bad choice, but in some situations, it could cost you money over the long term.
Here's what you ought to know before you submit your application for Social Security benefits.
For many years, 65 was the age at which you qualified for your full Social Security benefit, also known as your full retirement age (FRA). But in 1983, Congress passed a law changing this age to account for rising life expectancies.
Source Fool.com
