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Claiming Social Security at 65? You Might Regret That


When it comes to filing for Social Security, you get plenty of choices. The earliest age to sign up for benefits is age 62. While there's technically no "last age" to file, there's no financial incentive to delay your claim beyond age 70.

Smack in the middle of that window is age 65. And you might assume that it's a good time to sign up for benefits. But before you make that decision, consider the drawbacks of claiming Social Security at that time.

Age 65 is when Medicare eligibility begins. And if you're enrolling in Medicare, you may be inclined to sign up for Social Security at the same time. In fact, you might think you should sign up for benefits because you'll be using the Social Security Administration's website to enroll in Medicare online.

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Source Fool.com


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