Are You Turning One of These Ages in 2019?
If you’re turning one of these ages in 2019, take note of what makes them important. Some ages, such as 65, the age at which you qualify for Medicare, require you to apply before your birthday, so it’s important to pay close attention so you don’t miss an important deadline! Age 50 Once you turn 50, you can make catch-up contributions to your retirement accounts. You can contribute an extra $6,000 per year to a 401(k), 403(b), and 457 plan, $3,000 to a Simple IRA or Simple 401(k), and $1,000 to a traditional IRA. Age 55 If you leave […]
