Summerlin Benefits Consulting Q&AAnswer
Oct 17, 2024 - 10:52 AM
If you're turning 65 this year, here's what you need to know:
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Retirement Decision: Consider whether to retire now or continue working. Assess your financial readiness, potential pensions, and how you'll spend your time.
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Financial Planning: Ensure you have a solid plan to avoid outliving your savings. Take control of any stray 401(k)s and consider reducing risk in your investments. Fixed Index Annuities (FIAs) can provide safety and potential growth.
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Medicare Enrollment: At 65, you become eligible for Medicare. Most will enroll unless covered by an employer. Understand the different parts of Medicare and consider additional coverage if needed.
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Planning Ahead: Start planning early, regardless of your age. A clear financial strategy will help you feel confident about your retirement.
Turning 65 may sound overwhelming, but it doesn’t have to be. Our main goal at Summerlin Benefits Consulting is to support our clients on their path in or towards retirement while offering retirement income protection guidance in a simple and easy-to-understand method. We fondly refer to our team of professionals as “Safe Money Experts”! Reach out today if you’d like to get started with a no-obligation financial review.
