27 Mar Turning 65 Isn’t All That Bad
For people turning 65 this year, the breaks just keep on happening. That extra tax exemption helps and can lower some people’s income significantly, so you will pay less in taxes. If you are self employed, you still have to pay self-employment tax no matter what, so no break there. Another advantage of getting older is that people are usually nicer to you as you reach those golden years, so there’s something else to look forward to. That is a valuable reward considering how grouchy everyone has been with years of Covid, storm after storm and a weakening economy increasing everyone’s stress level to new heights.
For those of us lucky enough to get to 65, a new beginning could be on the horizon. Maybe it’s time for that long awaited vacation or starting a new hobby. Whatever makes you happy is the order of the day when you’ve worked your whole life to reach this milestone. For those who are wondering how they’re going to be able to survive financially at 65, the road can be somewhat challenging. Some people have investments, 401K plans or savings, but for others this can be a stressful and uncertain time. Always remember to seek help if you are in distress financially. Family and friends can guide you through the tough times, so you can enjoy your golden years.