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Retirement Discussions / Retired Fools
|Subject: Re: Question for Retired Fools||Date: 7/30/2012 9:19 AM|
|Author: telegraph||Number: 17756 of 20226|
If you can, you can go on COBRA for insurance for 18 months. Then you'll need a private policy to tide you over to age 65 when Medicare kicks in.
So time your retirement accordingly.
Likely, you'll have to get high deductible health care insurance.....to cover you for 18 months. or whatever you decide.
If you start taking SS at 62, you'll drop your monthly income by about 40% compared to taking it at your 'normal' age of likely 66 plus these days.
you still get Medicare at 65 regardless of when you take your SS.
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