6 Mistakes to Avoid When You Turn 65


Turning 65 has been a landmark in our minds for a long time. It is the age when most people stop working and start their well-deserved retirement.

Today, many people retire before that age, and some retire after that age. But 65 remains a milestone age.

In fact, if you're not careful, you could make some big mistakes the year you turn 65 that could hurt you financially and in other ways for years to come.

1. Waiting too long to file for Medicare

2. Continuing to contribute to an HSA

3. Thinking you can get ‘full retirement age’ Social Security benefits

4. Forgetting that you qualify for a larger standard deduction

5. Not making ‘catch-up’ retirement contributions

6. Avoiding thinking about an estate plan

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