Important Birthdays Over 50
Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last.
When you are older, “and-a-half” birthdays start making a comeback. In fact, starting at age 50, several birthdays and “half-birthdays” are critical to understand because they have implications regarding your retirement income. To learn more about the impact your upcoming birthdays can have on your overall retirement, click on the button to the right and download our guide!
16
18
50
55
59½
62
65
65 to 67
70
73
16
18
50
55
59½
62
65
65 to 67
70
73
Important Dates In 2024
January 1st: First day to contribute to a traditional and Roth IRAs and Simplified Employee Pension Plans (SEP) for the new year.
January 1st: Medicare Advantage Open Enrollment Period and Medicare General Enrollment Period begins.
January 15th: The current year’s marketplace health insurance open enrollment ends.
January 15th: Due date for quarterly estimated taxes for the fourth quarter of the previous year.
March 15th: The latest you can incur FSA expenses for the previous year.
March 31st: End of Medicare Part A and Part B General Enrollment Period.
March 31st: Last day to submit claims for eligible medical expenses from the previous year for many flexible spending account (FSA) plans with a use-it-or-lose-it rollover rule.
April 1st: Last day to take first IRA required minimum distribution (RMD) from traditional retirement accounts without penalty.
April 15th: The last day to contribute to a traditional or Roth IRA for the previous year.
April 15th: The last day to contribute to an HSA for the previous year.
April 15th: The last day to file taxes apply for an extension for the previous year.
June 17th: Estimated taxes for Q2 due.
June 30th: Last day to submit a FAFSA application.
September 16th: Estimated taxes for Q3 are due.
September 30th: Last day to determine beneficiaries after an IRA owner’s death that happened in the previous year.
October 1st: Extended trust and estate income tax returns due.
October 15th: Annual Enrollment Period to change plans starts.
October 15th: End of six-month filing extension period for federal taxes.
October 15th: Extended deadline to contribute to an SEP IRA for the self-employed and self-business owners.
December 31st: Last day to take RMDs from an IRA, 401(k), and inherited IRAs.
December 31st: Last day to set up most types of retirement accounts so contributions count for the current year.
December 31st: Last day for 401(k) contributions, itemized deductions, stocks, and gifts to count for the current tax year.
IMPORTANT BIRTHDAYS OVER 50
Happy Birthday! Now the real fun begins. Before you begin planning your retirement, be sure to mark these important dates in your calendar. Starting at age 50, several birthdays – including “half-birthdays” – are critical to understand because they have implications regarding your retirement income
