Social Security and Medicare Planning
Free CFP Exam lesson in Retirement Savings and Income Planning. 20 min read, ~2,964 words.
Eligibility: 40 credits (10 years). FRA = 67 for those born 1960+. Claiming at 62 reduces benefits by up to 30% permanently. Delayed retirement credits: 8% per year from FRA to 70 (max 24% increase). No credits after 70. Spousal benefits max at 50% of higher earner's PIA at FRA...
Read the full lesson, free →
Worked examples, audio narration, and practice. No signup to read.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- F.45
Browse all free CFP lessons or jump into free CFP practice questions.