There are seven key milestones in ages as you prepare and enter into retirement. We’ll talk about those today and how we can not only make sure we might make the right decisions in light of our own individual situation but make our retirement more efficient.
EVAN FRICKS
ATLANTA – This episode highlights seven crucial age milestones for effective retirement planning and the strategic decisions that accompany each. Listeners learn how these milestones—from catch-up contributions to Social Security eligibility—can shape a well-structured financial future.
• Age 50: Eligibility for catch-up contributions to retirement accounts
• Age 59 1⁄2: Tax-free rollovers from 401(k)s to IRAs
• Age 62: Considerations for collecting Social Security
• Age 65: Eligibility for Medicare and healthcare planning
• Ages 66-67: Achieving full retirement age for Social Security
• Age 70: Timing for maximum Social Security benefits
• Age 73: Required minimum distributions and associated rules
