Investing for a 63-Year-Old
At age 63, you are in the final year of the SECURE 2.0 enhanced catch-up window. The 401(k)/403(b) combined limit reaches $34,750 this year and drops to the standard $31,000 when you turn 64. Medicare begins at 65, which is two years away: apply during the Initial Enrollment Period that starts three months before your 65th birthday to avoid late-enrollment penalties. Review your asset location strategy, placing bonds and income-producing assets in tax-deferred accounts and equities in Roth accounts to align with long-duration growth needs.