Turning 65 marks eligibility for Medicare, offering essential healthcare coverage through Part A (hospital insurance) and Part B (medical insurance).
Deciding whether to retire or continue working post-65 involves assessing financial readiness and personal goals. While eligibility for retirement benefits begins at 65
Medigap policies, offered by private insurers, help cover out-of-pocket costs not covered by Medicare Parts A and B. These include copayments, deductibles, and coinsurance,
Long-term care insurance policies cover services like assisted living, nursing home care, and home health care not covered by Medicare.
Social Security benefits can be claimed as early as age 62 with reduced benefits or deferred until age 70 for increased benefits.
Legal and financial planning involves creating essential documents like wills, power of attorney, and advance directives. These documents outline your wishes for healthcare
Health Savings Accounts (HSAs) offer tax advantages for medical expenses, but enrollment in Medicare changes eligibility rules.
Catch-up contributions allow individuals aged 50 and older to contribute extra funds to retirement accounts like IRAs and 401(k)s.