6 Fabulous Ways to Save After You Turn 50

6 Fabulous Ways to Save After You Turn 50

Few of us look forward to the Big Five-O — but perhaps we should. After all, 50 is the age when we can join AARP — for a mere $16 — and finally qualify for great discounts at countless stores and restaurants.

We’ve even included a few price breaks that begin at age 50 for people who are not AARP members.

So instead of sitting around wondering when all those wrinkles arrived — or where all that hair disappeared to — take advantage of the following types of price breaks you can enjoy after turning 50.

Remember: You’ve earned ’em.

1. Dining discounts

With age comes the ability to appreciate a fine meal. And you can save all over town as a card-carrying member of AARP.

Discounts include 15 percent off meals at restaurants such as Outback Steakhouse, Bonefish Grill and Carrabba’s Italian Grill. Or perhaps you prefer a free doughnut with the purchase of a large beverage at Dunkin’ Donuts. Either way, scrumptious savings abound for those ages 50 and over. Bon appétit!

2. Entertainment deals

You’ve worked hard for a half-century — now’s the time to start reaping rewards in the form of discounted entertainment.

AARP members can save up to 25 percent off movie tickets and enjoy snack discounts at theaters of the Regal Entertainment Group.

Regal also offers these price breaks to people who are not members of AARP, but you’ll need to be patient — discounts for nonmembers do not begin until you turn 60.

Members can also save at least 25 percent on a “ticket 4-pack to great events,” including “some of the biggest live performances, your favorite sports teams or artists at venues and arenas around the U.S.” through Ticketmaster/Live Nation.

3. Retail savings

AARP members can catch a price break at many popular national retailers.

Members can save on apparel from leading brands, such as Reebok (20 percent off at Reebok.com), floral deliveries from companies like 1-800-Flowers.com, gift baskets and more.

There are even discounts on monthly phone services and accessories from industry leaders. For example, you can get a 10 percent discount on the monthly service charge from AT&T.

4. Travel perks

Don’t put off that vacation you desperately need and deserve. AARP makes it easier for you to get away by offering discounts at leading hotel chains, including Hilton, Sheraton, Wyndham and W hotels.

But that’s just the tip of the iceberg. Members can also save on flights and cruises.

If you’re at least 62, you can also get reduced admission at national parks — but this deal is not expected to last.

Currently, U.S. citizens and permanent residents age 62 and older qualify for a lifetime pass to the parks, all for the cost of just $10 — no AARP membership necessary. As we recently reported, however, the price is expected to jump back up to $80 later this year. So act fast to grab a lifetime pass at the $10 rate.

5. Automotive savings

Having an AARP membership pays off big time when it comes to wheels. In addition to rental savings from companies like Avis Rent A Car and Budget Rent A Car, members can enjoy deals on automobile, motorcycle and RV insurance. Sounds like it’s time to hit the road!

6. Enhanced retirement tax breaks

Workers age 50 or older can reduce their next federal income tax bill by making catch-up contributions to retirement plans like a 401(k) plan or individual retirement account (IRA). For example, for the 2017 tax year, workers age 50 or older are able to contribute an additional $6,000 to a 401(k), or an additional $1,000 to an IRA.

Best of all, the money you contribute to a 401(k) or traditional IRA is tax-deferred, meaning you won’t have to pay taxes on the cash until you withdraw it in retirement. To learn more about the different types of plans, check out “Confused by Retirement Accounts? Roth, Regular IRAs and 401(k)s Made Simple.”

Do you know of other great price breaks that arrive with your 50th birthday? Share them in a comment below or on our Facebook page.

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