30 Secrets All Baby Boomers Need to Know About Money

3. Don’t Forget to Sign Up for Medicare

If you’re still employed at age 65 when you become eligible for Medicare Part B, you might delay enrolling if you’re receiving health insurance through an employer-sponsored group plan.
You’re not required to sign up for Medicare Part B at this time, but if you don’t enroll when you first become eligible, you could face a late enrollment penalty, which increases 10 percent for every 12-month period you’re not enrolled. This could hurt your retirement finances, so make sure you sign up when you’re eligible.