• Question
  • retire at 65 vs 66

    Asked by someone from Port Huron, MI on 11/14/2016

    If I want to retire at 66 and am turning 65 in January do I need to do anything with Social security, I heard they have a penalty if I sign up late for Medicare?

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  • Categories: Medicare, Health Care and Health Insurance

Answers

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  • Yes, sign up before 65. Talk to SSA rep if you have insurance that covers you from work until you retire. Some work policies require that you take Medicare at 65.

  • Login to rate this answer:   Answered on 11/17/2016
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.