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Turn 65 in August 2014, does it make a difference in amount recieved by each month early sign up ?

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  • Turn 65 in August 2014, does it make a difference in amount recieved by each month early sign up ?


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Answer #1 | 28/12 2013 23:42
you can sign up 90 days before your birthday
Positive: 50 %
Answer #2 | 28/12 2013 23:50
Sign up for Medicare part A within a couple of months of 65 and part B when you retire or 65 if you retire sooner. Social security is a sliding scale between 62-70 but if you start collecting before 66 there are income limits so if working wait until 66. You can collect while working after 66 but if you wait for 70 you get more. I am already 65 and retiring in two weeks but still might wait for my birthday to apply so I can collect on my ex's record to let mine grow until 70. It difference is month by month not year by year for SS but really acuarily the same either way. If you need the income wait for 70 and keep working or collect and save the money and keep working and save the money.
Positive: 50 %
Answer #3 | 29/12 2013 10:47
Are you talking about Social Security benefits? Yes, since the full retirement age is 66 to 67, you will get incrementally less than the full amount if you take it at 65. This is on the SSA website.
Positive: 50 %
Answer #4 | 29/12 2013 10:55
I suppose you mean SSI, you can check there web site to see how much income you'd receive now, next year or five years from now, you know what you need to live and how many years you can work and find a job. In some areas the economy is so bad early retirement is a must not an option
Positive: 50 %

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