Ages That Matter

(Originally aired on June 4th 2017)

You’re old enough for a driver’s license. You qualify for banking accounts and preferred credit cards. You can rent an apartment and lease a rental car. Maybe you even got the cheesy over-the-hill pun cards several birthdays ago. So, at this point, counting birthdays either becomes mundane or dreadful, depending on how you feel. Yet, aside from the fun of any parties, there are many financial reasons to keep tabs on your age. Some milestones fluid – like retiring at 65. Others are ironclad (go ahead and try skipping your RMDs after 70 ½ and your tax penalties will tell you whether Uncle Sam was watching). Either way, it’s important to keep an eye on the calendar, even past what we may consider the “fun” birthdays.

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