There are a lot of common mistakes people make when signing up for Social Security.
To prevent that from happening, a local credit union is holding a workshop to cover everything you need to know.
Information includes the penalty that you receive if you do not sign up for Medicare when you are supposed to, from the benefits that a spouse and children can receive.
Ryan Miracle, a financial adviser with DuPont Community Credit Union, stresses that you need to get the information about your situation and not make decisions based on what other people have done.
He said there is a 25 percent loss from age 62 to full retirement, which for most people is anywhere from 65 to 67 years old.
Miracle said there is another gain if you delay until 70 years old.
He said at the workshop people will learn more about those penalties of not knowing your situation.
"Particularly with people who have been married previously, when not realizing that if they get married again before they turn 60, they won't have the ability claim on ex-spouse's income. Finding this out after the fact is a lot harder to fix than knowing it beforehand," said Miracle.
The workshop is full, but Miracle said you can meet with a financial adviser or contact your Social Security office for more information.
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