The year 2024 marked the beginning of “Peak 65”—the largest wave of Americans turning age 65 in history—averaging over 11,200 new retirees per day through 2027 (Fichtner, 2024). That’s more than 4.1 million people a year entering traditional retirement age.

So, what does this mean for you? Whether you’re approaching 65 or already there, this shift presents both challenges and opportunities and we’re here to help you make sense of it all.

What Is “Peak 65”?

“Peak 65” refers to this demographic milestone, as baby boomers reach age 65 in unprecedented numbers. Its effects include:

• Increased Medicare and Social Security enrollments
• Growing demand on healthcare services and financial advisors
• Greater focus on estate and legacy planning

The U.S. population aged 65+ now stands at 55.8 million—up 38.6% from 2010—and in 2020 represented one in six Americans according to the U.S. Census Bureau. U.S. Census Bureau. (2023, May 25).

Planning Ahead with FOCUS

At McIntosh & Associates, we guide clients through Peak 65 and beyond using our FOCUS process, which helps align every part of your retirement strategy. We start with Future income planning to help ensure your savings support your lifestyle for decades to come. Then, we focus on Optimizing investments to match your goals and risk tolerance. Our Comprehensive tax strategies help minimize unnecessary tax burdens, especially important as required withdrawals and policy changes come into play. We assist in Understanding healthcare options—especially Medicare—as more retirees enter the system. And finally, we help create a Strategic legacy plan so your wishes are honored and your loved ones are protected.

Why Proactive Planning Matters Now

Here’s what to consider during Peak 65:

• Don’t delay your Social Security decision. Timing affects your benefits significantly.
• Review your Medicare plan each year. What worked last year may not be the best fit now.
• Revisit your retirement income strategy. Inflation, taxes, and market changes all affect your future cash flow.
• Document your legacy wishes. Legacy planning helps to avoid confusion and may ensure control.

Let’s Build a Plan Together

Navigating Peak 65 doesn’t have to feel overwhelming. With clear guidance, trusted relationships, and a personalized plan, you can face retirement with confidence and clarity.

Call McIntosh & Associates at (989) 692-2200

Or request your free Medicare Toolkit

You’ve worked hard to reach this point, now let’s help make sure your retirement is everything you hoped it would be.

References

Fichtner, J. J. (2024, January). Peak 65® zone: Creating a new framework for America’s retirement security. Alliance for Lifetime Income & Retirement Income Institute. https://www.protectedincome.org/wp-content/uploads/2024/01/Whitepaper_Fichtner.pdf

InsuranceNewsNet. (2024, March 26). Nearly one in three older Americans supports adult family members. https://insurancenewsnet.com/oarticle/28-of-those-entering-peak-65-financially-support-family-members

Centers for Medicare & Medicaid Services. (2023). Medicare Enrollment Dashboard. Retrieved from https://data.cms.gov/tools/medicare-enrollment-dashboard

U.S. Census Bureau. (2023, May 25). 2020 Census: 1 in 6 people in the United States were 65 and over. https://www.census.gov/library/stories/2023/05/2020-census-united-states-older-population-grew.html

Insurance products are offered through the insurance business McIntosh & Associates Inc. McIntosh & Associates Financial LLC is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by McIntosh & Associates Inc are not subject to Investment Adviser requirements. AEWM and McIntosh & Associates Inc are not affiliated companies. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. McIntosh and Associates Financial LLC is not affiliated with the U.S. government or any governmental agency. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. 3131214 – 06/25