Older we must move and stay and move

“Older, we must move, and stay, and move again, to keep our life-giving ties alive, for this movement is our fountain of age. And there’s a freedom in realizing this, a new freedom to move or stay, new necessities and possibilities of choice. ” – Betty Friedan

Lesson 7: Staying Awake: Be Engaged! Be Active! Be Aware! Module 10: Small Steps to Health and Wealth. TM for Older Adults

Health Strategies

Be Engaged in Your Live ØInvigorate your life ØStay awake and energized ØBe involved in something you love ØBe an active participant in your life

Be an Active Participant in Your Health ØPhysical activity ØEach and every day… ØWash your hands ØBuckle up ØProtect your skin ØRead food labels ØCheck you body for lumps and sores ØEat health ØAsk questions

Preventive Health Care ØEach year – annual visit ØCheck height and weight ØCheck body mass index (BMI) ØScreen for alcohol and tobacco use ØScreen for depression ØScreen for the risk of falls ØDiscuss medication interactions ØScreen for hearing loss

Health Milestones Screening over age 65 ØBlood pressure ØCholesterol ØDental exam ØEye exam ØImmunizations

Health Milestones - Men Screening over age 65 ØAbdominal aortic aneurysm ØColon cancer ØOsteoporosis ØProstate cancer

Health Milestones - Women Screening over age 65 ØColon cancer ØDiabetes ØBreast exams ØMammograms ØOsteoporosis ØPelvic exam and Pap smear

Wealth Strategies

Financial Milestones – Age 50 Ø Eligibility for retirement savings plan catch-up contributions Ø Eligibility for Social Security survivor’s retirement benefits by disabled widows and widowers Ø Eligibility to join AARP

Financial Milestones – Age 55 Ø Eligibility for penalty-free employer retirement savings plan withdrawals if you leave a job (taxes, of course, would be owed and this provision does not apply to traditional IRAs) Ø Eligibility for “senior discounts” from many stores, restaurants, and other businesses

Financial Milestones – Age 55 to 60 Ø Eligibility to retire from many public sector pension plans with 25 to 30 years of service

Financial Milestones – Age 59 ½ Ø Eligibility to make withdrawals from a traditional IRA and/or tax deferred employer plan without paying the 10% penalty

Financial Milestones – Age 60 Ø Eligibility for Social Security survivor’s benefits by widows and widowers (unless disabled)

Financial Milestones – Age 62 Ø Eligibility to claim a reduced (20% to 30%, depending on age) Social Security benefit Ø Eligibility to apply for a reverse mortgage

Financial Milestones – Age 62 to FRA Ø Time span (depending upon year of birth) that the Social Security earnings limit applies Ø Beneficiaries will lose $1 in benefits for every $2 over the annual threshold amount

Financial Milestones – Age 63 ½ Ø Age to claim COBRA benefits for 18 months prior to eligibility for Medicare (if qualified)

Financial Milestones – Age 65 Ø Eligibility to claim Medicare benefits

Financial Milestones – Age 65 to 67 • Full retirement age (depending upon year of birth) for eligibility for a full (unreduced) Social Security retirement benefit

Financial Milestones – Age 70 Ø Maximum age for eligibility to receive Social Security delayed retirement credits (8% per year for those born in 1943 or later)

Financial Milestones – Age 70 ½ Ø Age at which mandatory withdrawals from retirement savings accounts (except Roth IRAs) must begin

Take Home Message Taking small steps to You can be happier and understand labels can help you healthier physically and make informed health and fiscally by being engaged, wealth decisions. active, and aware.

Activities

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