Should You Sign Up for Social Security at 65?
When it comes to claiming Social Security, you get choices. You can file for benefits as early as age 62, or you could postpone your filing until age 70 to maximize your benefits. (Technically, you can claim Social Security past the age of 70, but there's no point, financially speaking, in delaying your filing beyond that point.)
While 62 happens to be the most popular age to sign up for Social Security, some seniors opt to take benefits at 65. But is that the right choice for you?
Age 65 is when Medicare eligibility begins. This doesn't mean you have to enroll in Medicare at 65 on the nose. If you're still working at that point and have access to an employer health insurance plan, you can hold off on registering for Medicare without incurring penalties. But if you don't have access to a health plan through an employer, signing up for Medicare at 65 not only makes sense, but could make it so that Part B, which covers outpatient care, is less expensive throughout your retirement.
Source Fool.com