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.
Understanding key birthdays may help you better prepare for certain retirement income and benefits. But perhaps more importantly, knowing key birthdays can help you avoid penalties that may be imposed if you miss the date.
1 If you reach the age of 50 before the end of the calendar year.
2 IRS.gov, 2023
3 SSA.gov, 2023
4 SSA.gov, 2023. Individuals can decline Part B coverage because it requires an additional premium payment.
5 SSA.gov, 2023
