Claiming Social Security at 65? You May Need to Rethink That
People retire at all ages, but many see 65 as the ideal retirement age. That's when you become eligible for Medicare and historically, it was the age at which people could collect their full Social Security benefit. But that's not true anymore. Below, we'll look at what happened and why you may not want to claim Social Security at 65.
The Social Security Administration assigns everyone a full retirement age (FRA) based on birth year. You must wait until this age if you want the full benefit you're entitled to based on your work history.
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Source Fool.com