“I was told I would be penalized by Social Security for not registering.” - MarketWatch photo illustration/iStockphoto Dear Help Me Retire, I am 67 and employed. I receive health insurance through my employer. I plan to retire within one to two years. I was told I would be penalized by Social Security for not registering. I do not understand.  Can you explain? Most Read from MarketWatch Sincerely, In Trouble See: I pulled $90K out of my 401(k) and put it in precious metals. Is this the best way to sa ...