Planning retirement!
I will be 64 years old in December. My daughter is pregnant with her first child, and the baby is due December 10. Since I would like to spend as much time as possible with my first grandchild, this makes me think retiring is definitely the right thing to do. I was planning to retire at the end of the year, December 31, but a friend told me I should retire in January 2015. When I asked why I should wait until January, she said "It starts a new year." Other than extending the medical benefits I receive from my job for January, are there any other benefits to retiring at the beginning of the year versus the end of the year?