The Financial Perks of Getting Older

There's an upside to aging, from getting tax breaks to discounts at your favorite stores.

If you're age 50 or older, be prepared to start getting carded again. Many discounts, tax breaks and other perks for seniors start earlier than you think. Here are nine ways that getting older can help you keep a little more cash in your wallet.

1. Lower car insurance rates. Years of experience behind the wheel are a plus: Allstate cuts rates up to 10% for most drivers 55 and older. Geico and other insurers offer similar discounts if you take a driving class.

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Kaitlin Pitsker
Associate Editor, Kiplinger's Personal Finance
Pitsker joined Kiplinger in the summer of 2012. Previously, she interned at the Post-Standard newspaper in Syracuse, N.Y., and with Chronogram magazine in Kingston, N.Y. She holds a BS in magazine journalism from Syracuse University's S.I. Newhouse School of Public Communications.