Summary: Consideration to claim Social Security at 65 can result in reduced benefits
From Nasdaq: 2025-06-25 03:36:00
- Age 62 and 67 are popular choices for claiming Social Security benefits, but some may consider filing at 65. Here are three things to know about claiming Social Security at 65.
- Filing at 65 will reduce your monthly benefits by about 13.34% for life. The average monthly benefit of $2,002 could shrink to about $1,735 if claimed at 65.
- While you don’t have to sign up for Medicare at 65, there can be penalties for enrolling late. Enrolling in Medicare at 65 allows for automatic payment of Part B premiums from Social Security benefits.
Read more at Nasdaq: 3 Things to Know About Claiming Social Security at 65