Retirement isn’t just a single event — it’s a journey with important milestones along the way. There are specific ages when you become eligible for certain benefits, gain new financial opportunities, or face new restrictions. Knowing these key moments can help you maximize your savings, avoid penalties, and make smarter decisions about your retirement future.
In this episode, we’ll break down 10 crucial retirement milestones, including:
✔️ age 50 (catch up contributions)
✔️ age 55 (401k early withdrawal exception)
✔️ age 59 1/2 (take money out of IRAs without any penalty, and do in-service withdrawals with your 401k)
✔️ age 60 (can start collecting survivor benefits for Social Security)
✔️ age 62 (earliest age to claim Social Security)
✔️ age 65 (can enroll in Medicare)
✔️ age 65-67 (full retirement age, when you can collect the full amount of Social Security you're entitled to)
✔️ age 70 (the latest you can wait to start collecting Social Security)
✔️ ages 73 and 75 (have to start taking Required Minimum Distributions out of pre-tax retirement accounts)
Listen in to ensure you’re prepared for every step of the journey.
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LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
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https://anthonysaccaro.com
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https://morelifethanmoneybook.com
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