Social Security Matters – Applying For Social Security At 62; When Should I Enroll In Medicare?

Those who submit the pension application too early risk high health insurance contributions – and lose access to the favourable health insurance of pensioners.

Data from the U.S. Bureau of Labor Statistics shows that currently only 15% of private sector employees have pensions, also known as defined benefit retirement plans. As early as the late 1970s, employers gradually abandoned traditional pension plans because the implementation of the 1978 Revenue Act allowed employees to use pre-tax income to invest in 401(k) accounts and manage their retirement savings independently. Some employers believe that…

Social Security Matters – Applying For Social Security At 62; When Should I Enroll In Medicare?

By Russell Gloor, National Social Security Advisor at the AMAC Foundation, the non-profit arm of the Association of Mature American Citizens Dear Rusty: I am writing to ask for your advice on when I should sign up or enroll in a Medicare Plan. I have submitted an early retirement application to request benefits to begin 30 days […]