Continuing your education can be a great way to engage your mind in retirement. In fact, several studies have shown that people who utilize their brains to learn a new skill or further their education tend to experience fewer cognitive difficulties later in life. Many colleges and university offer courses that seniors can audit for free, others waive tuition for retirees in non-degree programs. A commitment to lifetime learning can help you:
- Strengthen your brain and memory receptors
- Increase opportunities for intellectual exchange
- Combat boredom and loneliness
- Discover a renewed sense of purpose
- Expand your intellectual horizons
Here are a few examples of schools in the local area which offer discounted programs for seniors who are Connecticut residents:
- Western Connecticut State University
- Naugatuck Valley Community College
- University of Connecticut
- Post University
Consider taking advantage of the Lifetime Learning Credit, which is a tax credit of up to $2000 a year to help pay for college courses. To qualify for this credit, your marginal adjusted gross income (MAGI) must be less than $65,000 for individuals and less than $131,000 for married couples filing jointly to claim the full credit. Those with higher modified adjusted gross incomes may qualify for a partial credit.
Cheers!
Sources:
http://time.com/4682031/how-to-prevent-dementia/
https://money.usnews.com/money/blogs/on-retirement/articles/2018-01-25/4-ways-to-further-your-education-in-retirement
https://www.irs.gov/credits-deductions/individuals/llc