Hello Megan,

Happy July! Our nation is 248 years old! Celebrate this month by checking out your age and the opportunities below.

Maximizing retirement plans with catch ups, signing up for Social Security and adding to Heath Savings Accounts are just some of the areas of opportunity that have age requirements. We look forward to helping you with all of this and more.

Also read below about a fabulous charity we are involved with, TAP, Texas Advocacy Project. Enjoy the summer!

Sincerely,

Megan, Bleckley and Cass

Age:	Milestone:
26	Adult child may lose parents’ health insurance coverage.
50	Eligible to make catch-up contributions to retirement accounts (e.g. IRA, 401k, 403b).
55	Eligible to make catch-up contribution to Health Savings Accounts (HSAs).
59 ½	Eligible to withdraw from IRAs without 10% early distribution penalty.
60	Eligible to claim Social Security survivor benefits as a widow/widower (early, at a reduced rate).
62	Eligible to claim Social Security retirement benefits early at a reduced rate.
64 + 9 Months	Start of Initial Enrollment Period for Medicare.
65	Eligible for coverage under Medicare (assuming timely application). Eligible for non-medical withdrawals from HSA without penalty.
66	Social Security Full Retirement Age if born between 1943 - 1954.
66 + 2 Months	Social Security Full retirement Age if born in 1955.
66 + 4 Months	Social Security Full Retirement Age if born in 1956.
66 + 6 Months	Social Security Full Retirement Age if born in 1957.
66 + 8 Months	Social Security Full Retirement Age if born in 1958.
66 + 10 Months	Social Security Full Retirement Age if born in 1959.
67	Social Security Full Retirement Age if born in 1960 or later.
70	Maximum Social Security benefit is reached.
70 1/2	Eligible to make a Qualified Charitable Distribution (QCD).
73	Required Minimum Distribution age (RMD), if born before 1960.
75	Required Minimum Distribution (RMD) age if born in 1960 or later.

TAP Texas Advocacy Project is a wonderful Texas non-profit we are dedicated to financially and personally. Their mission is to end dating and domestic violence, sexual assault and stalking in Texas. We recognize that financial abuse and physical abuse are connected. With that in mind, Watercolor Financial is the title sponsor for the Teen Ambassadors of Hope for 2024. The teens gain valuable resources and tangible information on promoting safe and healthy relationships. They also raise awareness and funds.

If you'd like to learn more about Tap and the Teen project: Link to TAP

If you'd like to donate and have your money matched this July dollar for dollar click here

Access your reports - Visit our web page for links to Fidelity (for access to statements and tax documents) and to the Orion portal (for access to performance reports and billing statements): Watercolor Financial website.

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