Hi All,
Will be turning 50 in a month.
MFJ ( 49,43)
Kids ( 17,8).
Me Self -employed (1099), solo 401(k) contribution from 4 years
Spouse - W2, work 401(k) max out from past 13 years.
529 plan for kids.
started contributing to HSA as well from few years.
The advantage of turning 50 is you can contribute more (catchup) for retirement accounts.
But my question is do I need to open or make any financial,insurance,health ...etc changes before I turn 50, which I will not be able to do once I turn 50 ? Any perks and benefits I will be loosing once I turn 50 ?
Any other suggestions are welcome. Thanks for your time.
Will be turning 50 in a month.
MFJ ( 49,43)
Kids ( 17,8).
Me Self -employed (1099), solo 401(k) contribution from 4 years
Spouse - W2, work 401(k) max out from past 13 years.
529 plan for kids.
started contributing to HSA as well from few years.
The advantage of turning 50 is you can contribute more (catchup) for retirement accounts.
But my question is do I need to open or make any financial,insurance,health ...etc changes before I turn 50, which I will not be able to do once I turn 50 ? Any perks and benefits I will be loosing once I turn 50 ?
Any other suggestions are welcome. Thanks for your time.
Statistics: Posted by johnpau — Thu May 16, 2024 1:10 pm — Replies 1 — Views 188