1. You can still contribute to your retirement funds

Since 2020, the age limit for all IRA contributions has been eliminated. And I still remember that this decision was one of the best things that happened in that year, when the pandemic started and everybody was panicking about it. In fact, you can still contribute to a current employer’s 401(k) until you quit the job. If you are self-employed, you can contribute to SEP-IRAs or alternative 401(k)s, whichever works best for you.

2. Your employer can cancel your health insurance after you turn 65

Believe it or not, your employer can do that. If you want to have a full-time job or you are part of a small company that has 20 employees, they can cancel your health insurance after you turn 65. However, they might let you keep it, but only half of it, and that means it becomes secondary to Medicare, and in case something happens to you, you will have to pay more than half of the total price.

In the event that the company has more than 20 employees, they have to offer the same health insurance to everybody, no matter their age. If you want to work after retirement, you have to ask the employer how many hours you have to work to have full health insurance because it may vary from one company to another.

Remember that when you return to work for a company that provides it, you are still eligible for Medicare coverage even if you choose to enroll in private health insurance. You can have primary or secondary insurance in addition to Medicare.