Social Security and Medicare Planning

Free CFP Exam lesson in Retirement Savings and Income Planning. 20 min read, ~2,989 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 accrue after age 70. Spousal benefits max at 50% of the higher earner's...