Seven Tips for Boomers Turning 65
This year the oldest boomers are turning 65 years of age and more than 10,000 will become 65 every day for the next 19 years! Better go out and buy those "happy 65th birthday" cards now!
Turning 65 is an important milestone. At 16 you went down to the DMV to get a learner's permit. At 18 you signed up with the Selective Service. At 65 there are some important things to do, too.
This article from US News and World Report provides a helpful "to do" list for anyone turning 65 this year. For example, you want to:
- Sign up for Medicare within 7 months of your birthday.
- Develop a retirement spending strategy. (You are required to start spending down your 401(k) or IRA at age 70.5.)
- Make yourself invaluable at work (And, perhaps, negotiate a new work schedule.)
- Make a plan for the next stage of your life. (Coming of Age's Explore Your Future can help.)
Posted on Jan 31, 2011
