No. of Recommendations: 2
Regarding age 65 vs 70:

- Waiting until age 70 to receive Social Security benefits increases the monthly amount one receives.

- Waiting until after age 65 (+/- 3 months) to sign up for Medicare Part B (doctors) carries a lifetime penalty. (Medicare Part A, hospitals, is no charge for those who've been paying into Social Security.)

Note:
- If your DD has enough funds, he can retire at 65 and still postpone receiving SS until 70.
- If he does receive SS starting at 65, then Medicare Part B premiums will be deducted from his SS income.
- If he doesn't receive SS starting at 65, he'll need to notify Medicare separately to sign up for Medicare Parts A and B.

HTH
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