Key Dates Related to Your Retirement

When you think of certain important dates or ages, you generally think of birthdays, anniversaries, special moments, etc.
However, as you get older and get into your pre-retirement and retirement years, some other dates and ages become very important. In fact, these certain dates may even become more important than birthdays and anniversaries as missing them or not understanding what happens at these times can have a severe impact on your retirement.
Most people work extremely hard during their lifetime to build a nest egg that will take care of them in retirement. Part of building your nest egg is the proper understanding and planning around some key dates, which can make your job for planning for retirement much easier. The key dates and ages related to retirement that we are talking about here are:
age 21, age 50, age 55, age 59.5, age 62, ages 62 to 65, ages 65 to 67, age 70 and age 70.5
All of these ages represent a very important time related to some type of retirement issue, like contributions, Social Security, Medicare, Required Minimum Distributions, etc.
Most of these ages require some type of action that needs to be taken which will affect your retirement in some way. For example, are you sure you understand when you can access money out of a retirement plan without penalty, or when you can make as much money as you want without losing Social Security benefits?
To make the most of your retirement benefits, you need to understand what all of these key ages mean and all the issues and options that each age entails.
To learn more about these key ages and the importance behind each one in great detail, or to discuss your specific questions contact me at 702-462-7233 or Agoodman@AskAdamGoodman.com
Investment Advisory Services offered through Brookstone Capital Management LLC, a Registered Investment Advisor. The information and opinions contained herein are provided by third parties and have been obtained from sources believed to be reliable, however, we make no representation as to its completeness or accuracy. Content is provided for informational purposes only and is not to be used as the sole basis for any financial decisions.