6 Mistakes to Avoid When You Turn 65

Not Enrolling in Medicare on Time: Missing the initial enrollment period for Medicare can result in penalties and gaps in healthcare coverage. Make sure to enroll in Medicare on time to avoid unnecessary costs.

Neglecting Estate Planning: Failing to create or update your estate plan can lead to complications and disagreements among family members. Ensure you have a will, living trust, and healthcare directives in place.

Ignoring Long-Term Care Planning: Long-term care expenses can be significant, so it's essential to have a plan in place, such as long-term care insurance or setting aside funds for potential care needs.

Overlooking Retirement Savings: Assess your retirement savings and ensure you have a well-thought-out financial plan to support you throughout your retirement years.

Not Staying Active and Healthy: As you age, it's crucial to maintain a healthy lifestyle with regular exercise, a balanced diet, and regular medical check-ups to support your overall well-being.

Isolating Yourself Socially: Retirement can lead to reduced social interactions, which can impact mental health. Stay connected with friends, family, and community activities to maintain social engagement.

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