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