Turning 65 and What to Look For in Retirement

The age of 65 is a common age for many to retire. If you choose to stop working and retire at age 65, there are several things for you to consider. Like what will you do for health care? Should you start receiving social security?

These are common questions to ask when you are turning 65 and considering whether to retire or not. Choosing a health care plan is a big decision. Medicare benefits begin at 65 for most people. If you choose Medicare, you’ll need to pick the right plan for you. Do you pick just plan A or plan B? Do you need plan D? Do you need plan C? Trying to decide what health insurance can be difficult if you don’t know what you need. In many cases, an independent Medicare expert can help you find the right retirement plan for you. They will help you find the most cost efficient plan that fits your budget and needs.

If you are turning 65 and looking to retire. You may be considering whether to start drawing from social security. You can receive full retirement benefits at age 66 or later. If you start getting payments before, you’ll receive a reduced benefit. If you choose to wait until after age 66, you’ll receive higher benefits. How much you receive is based on how long you choose to wait. Just know, that at age 70, the increase stops; so, this is the latest age you should hold off on starting your social security.

To find out more about retiring at age 65, Call Advanced Insurance Concepts today and Jim Rooney will work with you to find the answer. Advanced Insurance Concepts works with a variety of insurance companies and all Medicare Advantage providers in Missouri and Kansas. He is licensed to sell Health, Life and Accident Insurance, so call Jim Rooney for all your insurance needs.