The United States is experiencing a major milestone: more Americans are turning 65 than ever before. Known as the “Peak 65” generation, this wave of Baby Boomers entering retirement age is reshaping how we think about financial readiness, healthcare, and long-term income.
If you’re part of this historic group, you’re not alone or behind. Whether retirement is just around the corner or still a few years away, this is the perfect time to evaluate your plan and make smart, sustainable decisions.
At CKS Summit Group, we specialize in helping Peak 65 retirees gain clarity, build confidence, and retire on their terms.
What Is the Peak 65 Generation?
More than 11,000 Americans turn 65 every day, a trend that continues through 2025. By 2030, every Baby Boomer will be at least 65 years old. The Peak 65 phenomenon highlights the largest group ever to reach retirement age in the U.S. – a generation facing unique opportunities and challenges.
What You Need to Do Before Retiring
Retirement today requires more than just saving. It demands a well-coordinated plan that balances income, taxes, longevity, and lifestyle.
1. Create a Reliable Income Strategy
Having a solid retirement income plan can help you avoid outliving your savings. Consider blending guaranteed income sources with market-based investments to support your day-to-day expenses and future goals.
Common sources to consider:
- Social Security (timing is key)
- Annuities or pension income
- 401(k) and IRA withdrawals
- Brokerage account distributions
💬 Advisor Insight: “We guide clients through the next 25 to 30 years of income planning, not just the first few. Sustainability is key.” — Al Caicedo, President of CKS Summit Group
2. Get Clear on Healthcare and Long-Term Care
Medicare eligibility starts at 65, but it doesn’t cover all medical expenses. Planning for healthcare and long-term care is one of the most overlooked parts of retirement planning.
Make sure to:
- Understand Medicare Parts A, B, and D
- Evaluate Medigap or Advantage plans
- Consider long-term care solutions before it’s too late
3. Reassess Your Investment Risk
At this stage, your portfolio should reflect your time horizon, income needs, and comfort with market volatility. Being too aggressive or too conservative can both have downsides.
Smart steps include:
- Reviewing your asset allocation
- Limiting exposure to high-risk investments
- Exploring income-generating and capital-preserving strategies
4. Manage Taxes Proactively
Every dollar you withdraw in retirement could be taxed differently depending on the account type. A tax-efficient withdrawal strategy can make your money last longer.
Key moves to consider:
- Roth conversions before RMDs start
- Coordinated withdrawals across tax-deferred and taxable accounts
- Donor-advised funds or Qualified Charitable Distributions (QCDs) if you’re charitably inclined
5. Update Your Estate and Legacy Plans
Now is the time to confirm that your estate plan reflects your current wishes and financial situation. This includes not just wills and trusts but also beneficiary designations, healthcare directives, and powers of attorney.
Your plan should aim to:
- Minimize taxes and probate delays
- Clearly define your legacy
- Protect loved ones from unnecessary financial stress
Why Retirement in 2025 Is Different
Today’s retirees face longer lifespans, fewer pensions, rising healthcare costs, and more responsibility for managing their own income. While these factors add complexity, they also present more ways to customize your retirement than ever before.
The right financial partner can help you sort through the noise and focus on what truly matters – your goals and your future.
How CKS Summit Group Supports Peak 65 Retirees
At CKS Summit Group, we offer retirement income planning designed specifically for individuals approaching or entering retirement. Our team helps you:
✔️ Build sustainable income strategies
✔️ Balance growth and protection
✔️ Minimize taxes on withdrawals
✔️ Align your financial plan with your life vision
We don’t believe in one-size-fits-all advice. Every plan we build is customized to meet your unique situation and long-term goals.
Final Thoughts: Make Peak 65 the Start of Something Strong
Reaching age 65 is a major milestone, but it doesn’t mean you have to have everything figured out. What matters most is taking the right next steps, and doing so with intention, guidance, and confidence.
📅 Schedule a complimentary consultation with CKS Summit Group and start building a plan for the retirement you deserve.
👉 Visit summitgp.com to get started.
FAQs
Q1: Why is turning 65 such a big deal?
You become eligible for Medicare, may begin taking Social Security, and often consider retirement. It’s a major financial and lifestyle transition.
Q2: Can I still retire if I haven’t saved enough?
Yes. Many people retire later, work part-time, or adjust their spending. A personalized plan can help you find a path that works.
Q3: Should I start Social Security at 65?
Possibly. But delaying up to age 70 can increase your benefit. The best time to claim depends on your health, income needs, and long-term plan.
Q4: What if I’m not ready to retire yet?
That’s completely normal. Whether you’re retiring soon or just planning ahead, the sooner you take action, the more options you’ll have.
Q5: What sets CKS Summit Group apart?
We offer transparent, goal-focused financial guidance, not cookie-cutter solutions. Your retirement plan should be as unique as your life.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Please consult a licensed financial advisor before making investment decisions.
