Ask Larry

When Could I Retire With Full Benefits?

I work at Target Distribution Center and wanna know when I could retire with full benefits I'm 60 years old!

Hi,

Full unreduced Social Security retirement benefits are payable when a person reaches their full retirement age (FRA). If you were born in 1959, your FRA would be 66 & 10 months. If you were born in 1960, your FRA would be 67 (https://www.ssa.gov/planners/retire/retirechart.html). You may want to consider using our software (https://maximizemysocialsecurity.com/purchase) to explore all of your options so that you can determine the best strategy for claiming your benefits.

Medicare eligibility begins at age 65 unless you qualify for Social Security disability benefits. If you do qualify for disability benefits, your Medicare eligibility would begin effective with your 25th month of benefit entitlement, assuming that occurs prior to age 65.

Best, Jerry

Posted: 
Apr 28 2020 - 10:18am
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