Retirement Key Deadlines Broken Down

Retirement Key Deadlines Broken Down

Age 50

Catch-Up Contribution Eligibility
IRA’s = +$1,000 (Total = $6,500)
401(k)’s & 403(b)’s = +$6,000 (Total = $24,500)

Age 59 ½

No 10% early withdrawal penalty from IRA’s

Age 62

1st year of Social Security election eligibility for most people

Age 65

Eligible for Medicare Insurance Election

Age 66/67

Social Security FRA (Full Retirement Age) for most people

Age 70 ½

RMD’s (Required Minimum Distributions) from Retirement Accounts

Leave a Reply

Close Menu